Responsible investment skills always desirable, says RIAA
Responsible Investment skills are becoming career essentials for financial services industry professionals around the globe, according to the Responsible Investment Academy director, Neb Jovicic.
His comments come as the Academy announces the launch of its first programs, which are a part of the Responsible Investment Association of Australasia’s (RIAA’s) bid to improve education standards within the financial advice sector.
Jovicic said global markets were now at an inflection point where any individual making investment decisions needed a practical knowledge of environmental, social and governance risks and opportunities, and the insights available through responsible investing.
“We are rapidly reaching the stage where employers will consider demonstrable knowledge and skills in these areas to be essential attributes for analysts, portfolio managers and asset owners,” he said.
Earlier this month, RIAA partnered with the Financial Planning Association to educate its members about responsible investments.
The RI Academy, also backed by the Financial Services Council and Association of Superannuation Funds of Australia, will launch its programs at the RIAA conference next month.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.