Socially Responsible Investing: Is Your Fiduciary Duty at Risk?

Socially responsible investing identifies the fiduciary duty and liability for financial advisors serving individual and institutional clients when consulting in the SRI space. This article first discusses the role of a fiduciary emerging from both a legal and an ethical basis. Further, the special...

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Bibliographic Details
Main Author: Martin, William (Author)
Format: Electronic Article
Language:English
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Published: Springer 2009
In: Journal of business ethics
Year: 2009, Volume: 90, Issue: 4, Pages: 549
Further subjects:B Socially Responsible Investing
B advisor
B Ethical Investing
B Fiduciary
B Fiduciary Duty
B investment advisor
B fiduciary liability
Online Access: Volltext (lizenzpflichtig)
Description
Summary:Socially responsible investing identifies the fiduciary duty and liability for financial advisors serving individual and institutional clients when consulting in the SRI space. This article first discusses the role of a fiduciary emerging from both a legal and an ethical basis. Further, the special aspects of maintaining fiduciary duty and minimizing fiduciary liability are described as they relate to SRI. A number of recommendations are discussed: legal, ethical, and practice. This study argues that prudence focuses more on the process of decisions rather than their outcomes, as measured exclusively by rate of return.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-009-0060-x