Investors today are more ethically conscious than ever before. As such, the primary consideration for investing right now isn’t just financial profit. Rather, ESG is also an important factor that determines the investment choices of investors and more so those of the young generation.
Therefore, are you an investor who wants to promote environmental sustainability, respect for human rights, and ethical governance even as you invest and generate wealth? The following are some of the most socially responsible investing apps for 2022 you should consider using:
Low fees and zero account minimum requirements are not the only qualities that make Betterment a desirable investing app in 2022. Rather, as the name suggests, Betterment is all about making the world a better place through socially responsible investing.
The pioneer Robo-advisor makes socially responsible investing accessible by offering investors ESG-optimized ETFs with low fees. This makes it easier for people to invest responsibly hence placing Betterment among the most socially responsible investing apps for 2022.
Similarly to Alinea Invest’s unique “investing playlists,” M1 Finance uses intriguing terms such as “investing pies” to describe its investment offerings. Inarguably, M1 Finance is among the most socially responsible investing apps for 2022.
This is because it simplifies socially conscious investing by offering investors socially responsible portfolios through pre-made investing pies constituted of SRI funds that earn investors annual dividends.
And know what’s better? Customizable, ESG-focused investing pies are also available on the M1 Finance platform. All these features make M1 Finance among the best socially conscious investing platforms in the market.
In the quest to achieve more socially responsible and impactful investing, many platforms have adopted the practice of screening companies with the view of establishing their commitment to ethics, sustainability, and human rights.
As such, OpenInvest is among the most socially responsible investing apps for 2022 as it lists stocks in environmentally conscious companies, those that support LGBTQ rights, and those that adhere to ethical best practices—all at very affordable management fees.
As part of its effort to ensure socially responsible investing, SoFi Invest has an investment package known as the “Doing Good” collection. This collection is constituted of SRI stocks and ETFs of socially-conscious companies that are, well, committed to doing good.
Some of these socially conscious entities include Regional Management Corp. (RM) and Oracle (ORCL). This along with affordable minimum investment amounts and zero management fees earns SoFi Invest a spot among the most socially responsible investing apps for 2022.
Axos Invest is a unique Robo-advisor that offers investors a more targeted means of investing responsibly. This is because its investment selections cover everything from environmental sustainability to gender inclusivity.
Besides being one of the most socially responsible investing apps for 2022, Axos Invest platform services are available at no cost. Therefore, you should definitely consider this investing app if you are looking to make more impact through your investment.
Ellevest is without a doubt one of the most socially responsible investing apps for 2022. Co-founded by seasoned investment professional Sallie Krawcheck, Ellevest’s primary focus is on enabling women and all other gender identities and expressions to invest more easily.
As a Robo-advisor, Ellevest tailors its financial literacy and coaching, online investing, and private wealth management services for women algorithmically. Consequently, it ensures increased inclusivity, asset class diversity, higher sustainability standards, and ethical investing.
Personal Capital features on our list of the most socially responsible investing apps for 2022 as it offers investors the option to categorize their investments according to whether they are environmentally, socially, or governance oriented.
Through an efficient investment screening architecture, Personal Capital seamlessly exempts those investments that are not socially responsible or ESG-optimized from your portfolio. This way, it effectively enables you to achieve your ethical and responsible investing goals.
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