Novo Wealth Confirms The Worth of Ethical Financial Advice

credit: USACE on Flickr

One of the fastest-growing areas of investment is "ethical" investing, which aims to address social and environmental issues in the companies and organizations you invest in.

And a company in Australia has just launched one of the first such funds in the world.

"There is a growing awareness that ethical investing gives clients a opportunity to make an impact by the way they invest in society and the planet," Novo Wealth founder Paul Garner says in a press release.

According to Morningstar, sustainable funds performed better than their traditional counterparts in 2019 with returns in the top half of the Morningstar categories for sustainable funds.

The Los Angeles Times reports ethical funds invest in companies that help the environment, treat their employees well, and make a positive impact on society as a whole.

Garner says people are starting to divest from industries like fossil fuels and gambling because of social and environmental issues, but ethical funds don't necessarily have to meet all of those standards.

"Some clients may choose to have 100% of their investments in ethical funds and retirement plans in ethical investments.

As a dedicated ethical adviser, Novo Wealth can help guide clients ignore misleading environmental claims and understand how responsible investments and an overall financial performance are," the press release states.

Garner says Novo Wealth will only supply the top 10% of ethical funds on its Read the Entire Article

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