EAInvest Launches SRI Program For Independent Advisors

EAInvest of San Francisco has introduced a program to help advisors interested in socially responsible investing (SRI).

"SRI is pushing into the mainstream of investing as more clients align their investments with their values, and independent advisors need to serve them," says Chuck Siegel, EAInvest‚s vice president of sales and marketing.

According to Social Investment Forum, www.socialinvest.org, more than $2.3 trillion was in portfolios that use at least one of SRI‚s three strategies–screening, shareholder advocacy, and community investing, Siegel said "That‚s nearly one of every eight professionally managed dollars. Socially screened portfolios grew by more than a third–this during a rocky period in the markets."

The program, offered through the firm‚s subsidiary EAInvest Securities, offers socially responsible mutual funds and managed account portfolios, as well as a client services/sales team with SRI experience. In addition, at www.eainvest.com/sri, advisors can get expert opinions, guidance and resources.

EAInvest Securities Inc. is a custodial platform offering brokerage and back-office products, services, software and training exclusively to independent financial advisors.

Fee-Based Planning

More firms want to capitalize on the interest in fee-based planning, and New England Financial is no exception.

The Boston-based firm recently began offering fee-based financial planning through its broker-dealer subsidiary New England Securities.

Through the program, financial planning specialists at local firms work with sales representatives to develop plans for clients. Fees are based on the complexity of the plan, and currently New England Financial‚s fee per plan is averaging $2,200.

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