Advisers can also sort and filter funds based on share class and expense ratio, according to the announcement.
In terms of client engagement, Fidelity ESG Pro also has a scenario-based client questionnaire that helps advisers get a better understanding of how their clients think about ESG factors and what is important to them. The quiz results generate talking points for advisers on how to best address particular focus areas and emphasize whats top of mind for their clients.
ESG issues, sometimes, are explicitly political or religious, and those are topics that some advisers are reluctant to engage in until they know the client very well, said Smyers. With the quiz, an adviser can send it out to their client in advance, get the feedback and know what to discuss before the ESG conversation even starts.
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Additionally, the tool provides customized ESG reports that illustrate how clients ESG portfolios perform on up to 24 ESG characteristics compared with a traditional portfolio, according to the announcement.
Fidelity ESG Pro is a standalone software tool available for all advisers, not just Fidelity customers, for a monthly subscription price at $199, according to Smyers.
Increased interest in environmental, social and corporate governance investing has pushed major industry players to expand their rosters of ESG friendly tools for advisers as their clients continue to ask for investment strategies that align with their values.
Earlier this month, BlackRock Inc. announced a minority investment and integration with fintech startup Clarity AI, an ESG investing data provider. The asset manager plans to integrate Clarity AIs data into the Aladdin management tool.
Last Fall, experts from Charles Schwab, Merrill Lynch and Fidelity addressed how advisers can use digital tools to increase investor engagement during a panel at the Finovate Fall Digital event.
The post Fidelity launches ESG friendly tool for advisers appeared first on InvestmentNews.
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