Socially Responsible Investing: Is Your Fiduciary Duty at Risk?

被引:0
作者
William Martin
机构
[1] DePaul University,College of Commerce
来源
Journal of Business Ethics | 2009年 / 90卷
关键词
advisor; fiduciary; fiduciary duty; fiduciary liability; investment advisor; socially responsible investing; ethical investing;
D O I
暂无
中图分类号
学科分类号
摘要
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.
引用
收藏
页码:549 / 560
页数:11
相关论文
共 43 条
[1]  
Bailey J. V.(1992)‹Are Manager Universes Acceptable Performance Benchmarks?’ Journal of Portfolio Management 18 9-13
[2]  
Beardsen F. C.(2001)Conflicts of Interest in Providing Financial Planning to Friends, Acquaintances, and Relatives Financial Counseling and Planning 12 27-37
[3]  
Boasson E(2006)Investment Principles and Strategies of Faith Based Funds Managerial Finance 32 837-845
[4]  
Boasson V.(2004)Are Investment Managers Investing Ethically at a Disadvantage? Journal of Applied Management and Entrepreneurship 9 56-65
[5]  
Cheng J.(1991)Determinants of Portfolio Performance II: An Update Financial Analysts Journal 47 40-48
[6]  
Boasson V.(2005)Remember the Age and Purpose of Our Profession Financial Analysts Journal 61 78-79
[7]  
Cheng J.(2006)‹Trust, Authenticity, and the Advisor Journal of Financial Planning 19 32-35
[8]  
Boasson E.(2004)Ticking Time Bombs 1999–2004 Portfolio Construction Journal 1 6-9
[9]  
Brinson G. P.(2006)Pension Fund Politics: The Dangers of Socially Responsible Investing Financial Analysts Journal 62 76-77
[10]  
Singer B. D.(2006)Impartiality of Financial Advisors is More Difficult to Gauge Wisconsin Medical Journal 105 60-61