Square Mile Investment Consulting and Research has acquired Ethical Money and its associated trading entity, 3D Investing that focuses on impact investing assessment .
Financial terms of the transaction were not revealed.
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3D Investing enables investors to identify funds, complying with the 3D philosophy of ‘doing good, avoiding harm and leading change’.
Its 3D Star Rating is applied to more than 270 responsible and sustainable funds.
3D Investing brand will continue to operate under the same brand.
The deal is said to be mutually beneficial, strengthening Square Mile’s ESG integration, responsible and impact investment services.
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By GlobalDataOn the other hand, the deal will extend the reach of 3D Investing’s offering, Square Mile said.
Square Mile managing director Richard Romer-Lee said: “This acquisition was particularly attractive to Square Mile as it enables us to fast track our service proposition to the benefit of our customers, be they asset managers, financial advisers or discretionary wealth managers.”
As part of the deal, 3D Investing founder John Fleetwood will move to Square Mile in the role of director of Responsible and Sustainable Investing.
At Square Mile, Fleetwood will work with the executive committee to enhance the independent assessment of the positive impact of a fund’s investments.
Fleetwood noted: “I am delighted to be joining Square Mile, as the additional resource will enable the further development of the 3D Investing ratings and bring our services to a much wider market.”
