Wealthsimple, the Canadian robo-advice firm which opened its doors in the UK in September 2017, has launched a range of socially responsible investing portfolios.
Becoming the first robo adviser to do so, Wealthsimple has set a minimum investment of £5,000 for the new portfolios.
They will be available at a fee of between 0.5% and0.7%, which includes access to on-demand advice by phone or email. They will be designed for different risk levels: conservative, balanced and growth.
The portfolios will invest in companies that make social responsibility a business priority, Wealthsimple said. It will include funds that take into consideration environmental and societal factors, such as cleantech innovation, fair labour standards or low carbon emissions.
'We always look to our clients for feedback on which features they want to see next, and SRI has been requested from the first day we launched in the UK,' said Toby Triebel , CEO Europe.
'It’s reflective of what matters to investors today, and we’re really excited to be the first digital wealth manager to introduce an SRI offering, and to make it incredibly simple and accessible.'