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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DOI 10.1007/s10551-009-0060-x
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References found in this work BETA

A Fiduciary Argument Against Stakeholder Theory.Alexei M. Marcoux - 2003 - Business Ethics Quarterly 13 (1):1-24.
Ethical Investing From a Jewish Perspective.Mark S. Schwartz, Meir Tamari & Daniel Schwab - 2007 - Business and Society Review 112 (1):137-161.

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