The survey discovered that solely 28% of respondents had been requested questions like this by their advisor or FI. It additionally revealed that greater than half of buyers are involved about greenwashing which is deterring them from accountable investing (RI), together with lack of information about RI funds and techniques (66% know little or nothing about RI and 19% haven’t even heard of it), and efficiency issues.
Greater than a 3rd stated they’re extra possible, given world occasions, to decide on RI now than one yr in the past, whereas 49% are neither kind of more likely to.
“The demand is there,” says Patricia Fletcher, CEO of the RIA. “Nonetheless, the persistence of greenwashing as a deterrent indicators that regardless of current progress, continued efforts on a number of fronts are required to deal with these issues. Advisors are uniquely positioned to interact with shoppers to deal with each their values and issues and supply schooling.”
AI permeates nearly every part lately and the survey additionally requested about its use in funding choice making with 64% of respondents saying they don’t seem to be very acquainted or not acquainted in any respect with how it’s used on this regard.
Seven in ten say it is necessary for firms of their funding portfolio to undertake accountable AI frameworks and ideas, and an identical share says it is necessary for his or her monetary advisor or FI to undertake accountable AI frameworks and ideas.
