How does the advisor help clients – Key Takeaways:
The Renewal Funds is a financial advisor firm that specializes in sustainable and impact investing. They provide clients with personalized investment strategies that align with their values and belief in creating positive change in the world. By leveraging their financial expertise and deep knowledge of impact investing, Renewal Funds helps clients make a meaningful impact while achieving their financial goals.
Facts and Insights
Renewal Funds was founded in 2008 and has been in business for over 12 years. As of 2020, they have $98 million in assets under management and a team of 8 dedicated advisors.
Assets Under Management, Number of Advisors and Time in Business:
| Year Founded | Assets Under Management | Number of Advisors |
|---|---|---|
| 2008 | $98 million | 8 |
Financial Services Offered
Renewal Funds offers a range of financial services to their clients, including:
- Impact investing
- Sustainable investing
- Pension funds
- Wealth management
- Asset management
Client Types
Renewal Funds primarily serves individuals and families who are passionate about making a positive impact through their investments. They also work with foundations, endowments, and institutional investors who prioritize sustainability and social impact in their investment strategies.
Fees & Compensation
Rather than charging a commission on transactions, Renewal Funds utilizes a simple fee structure based on the percentage of assets under management. This approach aligns their incentives with the client’s goals, as the firm only earns more when the client’s portfolio grows.
Background
The founders of Renewal Funds, Paul Richardson and Joel Solomon, have a combined 50 years of experience in socially responsible investing and sustainable business practices. They have dedicated their careers to blending progressive ideals with financial success and have been recognized for their innovative approach to impact investing.
Financial Advisor Disclosures to Know
As with any reputable financial advisor, Renewal Funds operates with transparency and full disclosure to their clients. They abide by the fiduciary standard, meaning they are legally and ethically obligated to act in their clients’ best interests at all times. They also provide clients with their Form ADV, which details their fees, services, and any potential conflicts of interest.