Introduction
In today’s digital age, robo-advisors have become a popular choice for investors looking to easily manage their portfolios. These automated platforms use sophisticated algorithms to help you invest your money efficiently and cost-effectively. But what if you want to ensure your investments also align with your ethical values? Fortunately, there are several robo-advisors that specialize in ethical investing. Here are the top robo-advisors for ethical investing.
Betterment
Overview
Betterment is one of the most popular robo-advisors that offers an ethical investing option. Known for its low fees and user-friendly interface, Betterment provides a Socially Responsible Investing (SRI) portfolio that focuses on companies with good social responsibility records.
Features
Betterment’s SRI portfolio includes a mix of U.S. stocks, international stocks, and bonds. The platform uses ETFs that have been screened for social responsibility. Betterment also offers tax-loss harvesting and automatic rebalancing, features that can help improve your returns over time.
Wealthsimple
Overview
Wealthsimple is a robo-advisor that stands out for its focus on ethical investing. The platform offers a range of Socially Responsible Investing (SRI) portfolios that cater to different risk levels.
Features
Wealthsimple’s SRI portfolios include investments in companies that prioritize environmental sustainability, human rights, and good governance. The platform also offers features like automatic rebalancing, dividend reinvesting, and tax-loss harvesting.
Ellevest
Overview
Ellevest is a robo-advisor designed specifically for women, but it’s also a solid choice for anyone interested in ethical investing. The platform offers an Impact Portfolio that invests in companies promoting gender equality and sustainability.
Features
Ellevest’s Impact Portfolio includes investments in companies with more women leaders and firms that are committed to producing sustainable products. The platform also offers personalized investment plans, automatic rebalancing, and no minimum investment requirement.
Swell Investing
Overview
Swell Investing is a robo-advisor that exclusively focuses on impact investing. The platform allows you to invest in portfolios of companies that are addressing global challenges like clean water, renewable energy, and disease eradication.
Features
Swell Investing’s portfolios are made up of individual stocks, which is unusual for a robo-advisor and allows for more direct impact. The platform also provides detailed impact reports so you can see exactly how your investments are making a difference.
Conclusion
Choosing a robo-advisor for ethical investing allows you to align your financial goals with your personal values. Whether you’re interested in social responsibility, environmental sustainability, or gender equality, there’s a robo-advisor out there that can help you invest in a way that makes a positive impact.
