Best Practice Report

ESG Data And Analytics: What It Means For Wealth Management Firms

September 13th, 2024
Vijay Raghavan, Senior Analyst
Vijay Raghavan Senior Analyst
With contributors:
David Hoffman , Aurelie L'Hostis , Tiffany Do , Jen Barton

Summary

Environmental, social, and governance (ESG) data and analytics promise to enhance a wealth manager’s competitiveness by enabling them to make better decisions for customers, create informed insights for financial advisors, and provide more transparency in investor portfolios. The appeal of ESG data and analytics comes from differentiated filters that help impact-oriented investors identify ESG-related investment risks, make more informed investment decisions, and create portfolios that reflect their values. This report outlines ESG data and analytics’ impact on wealth management, its use cases, and strategies to avoid potential risks.

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