ESG Investing and Philanthropy: Meeting Client Social Goals While Optimizing Investments
Doing good while doing well is the investing mantra of Millennials. The demand for socially responsible and impact-oriented investing is growing across the investment landscape, challenging advisors to implement ESG integration into an investment strategy.
The non-financial data drivers and process for evaluating Environmental, Social, and Governance factors is highly subjective, and many investment advisors are struggling to analyze this space. Having a well-developed understanding of these investment concepts may be a differentiating factor in attracting and retaining millennial investors, and provide a differentiated source of alpha or alternative means of risk-management in portfolio management.
Our program will examine the varied applications of strategies in this space and the intersection of ESG Investing and Philanthropy.
Catherine Banat | Catherine Banat is responsible for servicing the firm’s impact investing clients and ensuring that investment solutions are implemented based on each client’s customized impact requirements. Prior to joining RBC GAM, Catherine managed strategic initiatives, risk and compliance for The New York City Retirement Systems, a $150 billion public pension plan, where she also researched, developed and implemented the strategic plan for the Economically Targeted Investment (ETI) program. Previously, she served as Managing Director of C3 Capital LLC. Catherine has dedicated her entire career to the financial services industry and has held senior level positions at various firms including Paloma Partners, Goldman, Sachs & Co., JP Morgan and Lehman Brothers. She earned a BA in History and a BSE in Management from The University of Pennsylvania and the Wharton School, as well as an MBA in Finance from Columbia University. Catherine holds FINRA Series 7 and 63 licenses. Back To Top ^^
Patrick Geddes | Patrick Geddes is a co-founder of Aperio Group and its CEO and Chief Tax Economist. Prior to joining Aperio Group, Patrick was the Chief Financial Officer of Morningstar, Inc, where he also served on that company's executive committee. Prior to being named CFO, Patrick served as Morningstar's Director of Quantitative Research. Previously, he spent five years with Amoco, now part of BP, in the US and Europe providing quantitative analysis, currency hedging, and corporate tax optimization. He has taught numerous courses in graduate-level finance at the University of California Berkeley Extension. Patrick received his MBA, with honors, from the University of Chicago. Published articles include:
1) “Restoring Value to Minimum Variance,” Journal of Investment Management, 2014
2) “What Would Yale Do If It Were Taxable?” Financial Analysts Journal, 2015
3) “Measuring the Risk Impact of Social Screening,” Journal of Investment Consulting, 2012
4) “The Pursuit of After-Tax Returns: Indexed Exchange-Traded Funds vs. Indexed Separately Managed Accounts,” Investments & Wealth Monitor, 2011. Back To Top ^^
Brent Kessel, CFP | Brent Kessel is the Co-founder and CEO of Abacus Wealth Partners, which provides fee-only, comprehensive financial advice to help individuals, families and foundations expand what’s possible with money. Abacus clients provided seed funding for the first environmentally screened and globally diversified index funds in the industry, and have invested in over thirty private impact funds since 2004.
Brent, also founded Align Impact, a specialized impact advisor to individuals in partnership with their existing financial advisors. As such, he first helps Align’s clients define their most important values and desired social outcomes, and then maps those values to available investments across all cause areas, geographies, and asset classes, thereby increasing the effectiveness and alignment of their philanthropic grants and impact investments. Brent's book, It's Not About The Money (Harper Collins), was named one of Kiplinger’s Top Five Business Books of the Year, and FastCompany named Brent one of the five most generous people on Wall Street.
Abacus is a founding B Corp., is carbon-neutral, and donates over 5% of profits to charity each year. Back To Top ^^
Michael Kinstlick | Michael Kinstlick oversees research, analytics, consultation, and codification and maintenance of the SASB standards as Head of Standards Setting. Michael’s career spans functions and industries. He has worked predominantly in Finance, including almost a decade at quantitative equities firm AXA Rosenberg with roles in both core research and helping manage billions-of-$ in Long/Short strategies. He has most recently served as the founding CEO of Coppersea Distilling, a field-to-glass farm distillery in NY’s Hudson Valley. He graduated cum laude in Economics and Philosophy from Columbia before graduate school at Northwestern (MS, Industrial Engineering) and UC Berkeley (MBA, Haas School of Business). Back To Top ^^
Lee O'Dwyer, CFA | Lee O'Dwyer draws from fifteen years of experience in traditional and alternative investments to help Bloomberg clients gain maximum leverage of their terminal toward actionable strategies.
Discussing equity fundamental valuations, earnings & idea generation tools, ESG data, and portfolio analysis with top analysts and portfolio managers, O’Dwyer’s experience and communication style lets him calibrate around the varied needs and styles of clients, allowing him to interpret their comments and provide meaningful and useful support.
Originally from England, O’Dwyer is a member of the CFA® Institute and has earned the right to use the Chartered Financial Analyst (CFA®) designation. Back To Top ^^
Wealth Management Series registrants and Sponsors are guaranteed attendance to this event. This event is fully hosted, but registration is limited to an additional 25. In order to be able to attend this event at Bloomberg, your name, company, and contact information (email and phone number) must be released to Bloomberg. You must also provide valid ID to enter the Bloomberg space. If you do not provide this information, you will not be able to attend.
Part 10 of 10 in our First Wednesdays: The Wealth Management Excellence Series. This event is a stand-alone event; you do not need to have attended Parts 1-9 of the series to attend this event.
Hosted on-site parking.
Thomas Mahoney, CFA, CAIA
|As a participant in the CFA Institute Approved-Provider Program, the CFA Society of Los Angeles has determined that this program qualifies for 1.5 credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.|