Petaluma resident Dale Wannen has recently launched a new investment advisory firm focused on sustainable and responsible investing.
Sustainvest Asset Management focuses on investment management for individuals, trusts, foundations and non-profit organizations, with an emphasis on environmental, social and governance screening, shareholder advocacy or activism, along with community and/or impact investing.
“Consumers, especially in the Bay Area, are seriously integrating sustainability and eco-conscious decisions into their everyday lives," says Wannen, who holds an MBA in Sustainable Management from the Presio Graduate School and has 15 years of experience in wealth management.
"They can be doing the same with their investment portfolio by working with an advisor who focuses on integrating both financial analysis and sustainability into asset management. If consumers want to have an impact with their investment dollars and steer clear of companies that face endless litigation suits, eliminating those disgusting oil companies and gigantic greedy banks from their portfolios is a sure way to do so"
“It’s all about being transparent. As an independent fee-only investment advisory firm, Sustainvest has the liberty of not being held down by selling proprietary products which many of the big brokers do. Look at our website and there are the fees in black and white. The investment world has this cloud over its head due to some of these brokerage firms who aren't very open about how they charge, their management style, or even what they do as they have their hand in so many games. That needs to change."
Prior to branching out on his own, Wannen was Portfolio Manager and Director of Shareholder Advocacy with Harrington Investments. He frequently speaks and writes on the topic of shareholder advocacy and has a passion for using financial mechanisms in pursuit of a more just and sustainable economy.