Envision Wealth Planning has a passion for helping clients incorporate women’s empowerment and other personal values into their financial plans. We help clients invest in companies with strong financial records, as well as how those companies treat the women who work for them.
Our founder and CEO, James Brewer, wrote about the issue of women’s empowerment and investing for Forbes: Can Women Actually Retire Successfully by Investing in Gender Equality? His article focuses on the nonprofit organization As You Sow’s gender equality ratings. Brewer indicates the importance of incorporating multiple viewpoints when evaluating gender equality.
Women’s Empowerment Rating Systems
There are several resources to learn about mutual funds and ETFs (exchange-traded funds). Envision Wealth Planning heavily relies on the rating systems for women’s empowerment at YourStake and Morningstar.
YourStake calls their women’s empowerment category “Female Empowerer.” They define this filter through three pillars: (1) Women on Boards, (2) Discrimination Violations, and (3) Diversity Score. We then customized this analysis for our clients, emphasizing some of the pillars over others.
We generated the list below by asking YourStake to show us the top mutual funds and exchange-traded funds for “Female Empowerer”:
Several of these companies offer multiple share classes. That explains why you may see the same company name listed several times. Share classes are simply different cost structures these companies use to pay the financial professionals that distribute their funds. Mutual funds assign a different ticker symbol to each of their share classes.
YourStake assigns both an Overall Alignment and a Female Empowerer Alignment score. You can look at each of these funds and then decide which one best fits your personal investment recipe.
Adding Race and Environment to the Mix
You’re likely concerned about several social issues, in addition to women’s empowerment. We next added filters for Anti-Racist and Planet Protector to Female Empowerer. This gives a completely different top 10:
The top fund is now different. Notice that this fund’s Overall Alignment score is a 9 rather than a 10. In addition, the highest Female Empowerer Alignment scores in this new group have dropped to an 8. That said, the highest Anti-Racist and Planet Protector Alignment scores are 10.
As You Sow versus YourStake
For comparison, let’s go back to the top ten rated funds from As You Sow’s “Gender Equality” filter:
These completely different results show why Envision Wealth Planning invests in multiple analysis tools to align our clients’ values with their financial goals.
The YourStake tool also allows us to look at other values including Friends of Animals, Health Defender, Peace Maker, and Fair Player.
Values-Integrated Portfolio™ Investing
Can you successfully include a focus on women’s empowerment into your financial plan? Yes! But doing so also involves calculating how much you will spend in retirement. As well as how long you have to save until you get there. Investing in your women’s empowerment and other values do not mean having to sacrifice the returns needed to reach your financial goals. We believe investing in companies that promote women’s empowerment is a necessary step in gaining equality!
Envision helps clients find values-integrated portfolio™ (VIP™) investing solutions best suited to them through our Envisioneering™ investing approach. These may be a single mutual fund or one of our Envision Justice Series Portfolios™ of multiple funds.
If you want to explore our Envisioneering™ investing approach, take a look at our YourStake questionnaire. Are you looking for a comprehensive approach to your financial life? If so, complete this Interests and Goals survey to get started.
As a financial consultant, specializing in the financial needs of women (whether they are married, divorced, single, or…), Kathleen Connors understands that you want to work with an adviser who is relatable and trustworthy. She focuses on life’s unique goals and takes the time to educate her clients about their financial future. Kathleen is passionate about helping women reach clarity and confidence around their finances. It doesn’t matter where a client may be in their life’s journey. She brings warmth and compassion to the financial planning process, with no judgments.