Top Robo-Advisors for Ethical Investing: Making a Positive Impact with Your Money
Top Robo-Advisors for Ethical Investing
What is Ethical Investing?
Ethical investing, also known as socially responsible investing (SRI) or sustainable investing, is a strategy that seeks to generate financial returns while also making a positive impact on society and the environment. This can involve avoiding investments in companies that are involved in industries such as tobacco, weapons, or fossil fuels, and instead focusing on companies that prioritize environmental sustainability, social responsibility, and good governance.
Why Choose a Robo-Advisor for Ethical Investing?
Robo-advisors are automated investment platforms that use algorithms to create and manage a diversified portfolio for investors. They offer a convenient and cost-effective way to invest in a socially responsible manner, as they typically offer a range of ethically screened investment options.
Top Robo-Advisors for Ethical Investing
Wealthsimple
Wealthsimple is a popular robo-advisor that offers socially responsible investing options. They offer a range of portfolios that are screened for environmental, social, and governance (ESG) factors, allowing investors to align their investments with their values.
Betterment
Betterment is another robo-advisor that offers socially responsible investing portfolios. They use a combination of ETFs that focus on companies with strong ESG practices, allowing investors to support companies that are making a positive impact on the world.
Ellevest
Ellevest is a robo-advisor that specifically caters to women investors and offers socially responsible investing options. They take into account gender diversity and other ESG factors when constructing portfolios, allowing investors to support companies that prioritize gender equality and sustainability.
EarthFolio
EarthFolio is a robo-advisor that focuses exclusively on socially responsible investing. They offer a range of portfolios that are screened for environmental and social impact, allowing investors to support companies that are working towards a more sustainable future.
Conclusion
Investing ethically is becoming increasingly important for investors who want to make a positive impact with their money. Robo-advisors offer a convenient and cost-effective way to invest in a socially responsible manner, with a range of options available to suit different preferences and values.