Journal of Business Ethics 90 (4):549 - 560 (2009)
|Abstract||Socially responsible investing identifies the fiduciary duty and liability for financial advisors serving individual and institutional clients when consulting in the SRI space. This article first discusses the role of a fiduciary emerging from both a legal and an ethical basis. Further, the special aspects of maintaining fiduciary duty and minimizing fiduciary liability are described as they relate to SRI. A number of recommendations are discussed: legal, ethical, and practice. This study argues that prudence focuses more on the process of decisions rather than their outcomes, as measured exclusively by rate of return.|
|Keywords||advisor fiduciary fiduciary duty fiduciary liability investment advisor socially responsible investing ethical investing|
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