Summit Financial, a financial services firm serving independent and breakaway advisers, has joined forces with ESG investment platform Seeds.
The financial services firm has facilitated the development of Seeds, which offers customised sustainable investment solutions to clients.
Summit advisers have become the first exclusive users of the ESG platform from the 15th of last month.
Seeds CEO Zach Conway noted: “Advisers to this point have not felt equipped to really engage in conversations around personal values, and yet clients increasingly demand values-aligned portfolios.
“Seeds is a scalable solution for advisers that facilitates a proactive discussion on ESG investing, walks clients through a defined process to uncover how they prioritise personal values, then analyses the current portfolio to see whether or not the investment allocation aligns with those stated values.”
Conway is also the managing director of Conway Wealth Group, which has been on the Summit platform for more than 30 years.
The Seeds team also includes COO Kristen O’Grady, CIO Randy Haase, and co-founder and chairman Michael Conway.
Summit Financial CEO Stan Gregor said: “In order to be successful in today’s environment, advisers need technology-enabled tools and resources that allow them to deliver customised solutions for clients.
“Summit’s mission is to empower adviser growth, and the launch of Seeds is a natural extension of this philosophy.”
In this context, Summit cited a Harvard University research. The research revealed that around three-quarters of retail and institutional investors allotted a part of their portfolios to ESG-focused companies in 2019. The comparable figure in 2017 is 48%.
Dubbed Environmental Absolute Return Thematic (EARTH), the new vehicle is targeted at companies that are facing or addressing significant environmental challenges.
The strategy’s investment universe includes global developed and emerging market companies across the energy, materials, agriculture and industrials sectors, with capital over $1bn.