Neuberger Berman signs up to PRI
Leading employee-owned money manager, Neuberger Berman Group has become a signatory to the Principles for Responsible Investment (PRI).
Announcing the move this week, Neuberger Berman president and chief investment officer Joseph Amato said the signing of the PRI is another example of the company's commitment to responsible investing.
"This is a statement of our support for PRI and its work with asset managers in formulating a global presence for the principles,'' he said.
Neuberger Berman Australia senior vice president Paul O'Halloran said the company's clients had experienced the benefit of an investment team implementing a responsible investment framework within its research process over a substantial period of time.
"Our socially responsive fund has a long history, and the principles are in line with our own philosophies and practices as research driven, long-term investors," he said.
Recommended for you
Despite the government agreeing to replace SOAs with CARs, the FAAA and SIAA believe greater streamlining of documentation is needed for the change to have a positive impact on advisers.
There are “multiple black swan events” threatening the financial advice industry currently, according to the FAAA’s Phil Anderson, potentially running up the compensation bill for advisers.
Former national business growth manager at AMP Advice has taken a new role at Sequoia Financial Group.
With the ESG label often causing confusion among investors, Nanuk Asset Management has encouraged financial advisers to use more plain, specific language with their clients.
