The Social Stock Exchange is delighted to be presenting a Naked Impact Seminar on the Rising Stars Stage as well as exhibiting. Confirmed speakers for Naked Impact Seminar: Justin Urquhart Strewart – Seven Investment Management, William Burckart – Burckart Consulting, Peter Matthews – Capital for colleagues and Paul de Savary – Home from Home Care.
Innovations 2016, A GrantStation Forum on Philanthropy, will explore bold approaches to grantmaking and other social investments, and dynamic ideas to transform your vision, accelerate your timeline and amplify your impact. The forum will present case studies of the new philanthropy and help clarify the language that surrounds it.
"A lot of the banks and brokerages are definitely putting a lot of money and thought and resources into marketing and positioning themselves in the broadly defined world of responsible investing," says William Burckart, founder and CEO of Burckart Consulting. Part of what is driving the profusion of marketing and public relations campaigns are firms’ desire to tap into what they view as a big future opportunity driven by growing investor interest, he says.
On 18 September 2008, the global nancial system came within a hair’s breadth of complete meltdown. This worst case was ultimately avoided, but the collapse that day of Lehman Brothers with its $600bn in assets helped trigger a worldwide economic crisis. Some 6m people lost their jobs, the Dow plunged 5,000 points, cash-strapped banks needed government bailouts, General Motors and Chrysler declared bankruptcy and the US unemployment rate skyrocketed to almost 10%. All because very smart people making rational decisions to boost portfolio returns turned a blind eye to the systemic risks they were creating.
At this event Burckart led a discussion about the intersection between investing with impact and the circular economy: the potential, the pitfalls, and the promise ahead for re-building the future economy and influencing capital allocation at scale. During the session we heard from PGGM and Circularity Capital, two investors playing a pioneering role in catalysing the transition to a circular economy.
Pope Francis, who has referred to unfettered capitalism of money as "the dung of the devil,", has done much to heighten awareness of social and environmental issues such as poverty and the environment, consultants say. While Catholic-values investing has also been buoyed by growing interest in socially responsible investing broadly, the Pope’s high-profile advocacy has also piqued interest, says William Burckart, founder and CEO of Burckart Consulting.
Burckart will be moderating a panel focused on measuring impact in the context of economic inclusion and will be joined by Grace Fricks, President and CEO, Access to Capital for Entrepreneurs, Inc. (ACE); Nate Yohannas, Senior Advisor, Office of Investment and Innovation, U.S. Small Business Administration; and Jill Newbold, Director of Business Development, Investors' Circle.
Will participate on the panel on "Charting a New Path with Millennials: ESG, Impact Investing, and Frontier Markets" at the Money Management Institute's 2015 Fall Solutions Conference on October 21 in New York. Burckart will join moderator Anna Snider, the Managing Director and Head of Global Equity Due Diligence for Merrill Lynch Wealth Management and other panelists, including Ron D. Cordes, Executive Co-Chairman, AssetMark; Chuck Knudsen, Vice President, T. Rowe Price; and Jamie Rantanen, Director, Deutsche Bank Private Wealth Management
Will moderate MMI's NetMeeting on September 24, 2015 on "Can Client-facing Advisors and Asset Managers Get on the Same Impact Investing Page?". This webinar, which builds on the findings from MMI’s new special report on impact investing, will address this divide head-on, examining what clients are really demanding, what advisors must be able to provide, and what asset managers need to know to better position themselves. Burckart will be joined by Arlen Oransky, Vice President, MMI; Jon Hale, Director of Manager Research, North America, Morningstar, Inc; and Mark D. Sloss, Head of Investment Management Models & Portfolios, UBS Wealth Management Americas
"I’d heard Egypt was doing really well according to all the metrics that we pay attention to at the World Bank," said Aleem Walji of the World Bank Institute at a Federal Reserve conference in 2011. "Investment was up, returns were good, we were investing in all the right sectors, or so we thought." Then the Arab Spring happened. Clearly, the World Bank’s metrics had not captured the deep frustration of Egyptian youth, who were cut out of the supposedly expanding economy there.
This is a perfect example of an impact investment: the company is turning a profit while meeting a social need in an environmentally-sustainable way. And with support from firms like BlackRock, Merrill Lynch, and Bain, impact investing is no longer a fringe movement. Yet it also sits on the cusp of mainstream wealth management, because we haven't done a good enough job of demonstrating impact...Better tools exist-if we would use them, impact investing could, well, make more of an impact.
The results of the Rikers Island SIB and the launch of the other transactions raise a host of questions about whether or not these structures can actually transform public finance and bring more capital to social services.
We are thrilled to announce the release of this new special report entitled Bringing Impact Investing Down to Earth: Insights for Making Sense, Managing Outcomes, and Meeting Client Demand, which details the growing client demand for impact investing – the practice of investing with the intention to generate measurable social and environmental impact alongside a financial return – and the obstacles to truly widespread adoption. Chief among these is the need to address issues related to transparency. Also included are essays by leading practitioners who are learning by doing – Erika Karp and John Wilson of Cornerstone Capital Group, Jamie Butterworth of Circularity Capital, Mark Sloss of UBS, and Anna Snider of Merrill Lynch.
A 2015 report by the Money Management Institute (MMI), a national association representing the wealth management industry, and Burckart Consulting said that new tools can help investors measure the social good of their investments.
As wirehouses and top brokerages are building out menus of impact or ESG investments, gatekeepers still contend with a dearth of rigorous impact investing options, says William Burckart, founder and CEO of Burckart Consulting and the author of an impact investing report compiled in connection with the Money Management Institute.
Provided a speech and moderated a panel at the MMI Annual Conference (Charlotte, NC) on April 22, 2015 during which Bill was joined by Anna Snider, the Managing Director and Head of Global Equity Due Diligence for Merrill Lynch Wealth Management; John Streur, the President and Chief Executive Officer for Calvert Investments; and Gil Crawford, Chief Executive Officer, MicroVest
Provided a speech and moderated a panel on March 25, 2015 as part of a webinar in partnership with the Clinton Global Initiative (CGI) that served to preview a new report that offers greater clarity on how to measure, market, and manage social and environmental impact. Find more details here. Bill was joined by Nicholas Salter, Senior Manager for the Clinton Global Initiative; Anna Snider, the Managing Director and Head of Global Equity Due Diligence for Merrill Lynch Wealth Management; and Mark D. Sloss, the Senior Portfolio Manager and Head of Premier Portfolio Services for UBS Wealth Management Americas;
John D. Rockefeller would never have considered abandoning the oil business. But that is exactly what some of his heirs did last fall. The Rockefeller Brothers Fund, a family foundation with $860 million in assets and a long history of supporting environmental causes, announced it would divest itself of all fossil-fuel investments.
The decision was not just about a family moving away from its legacy but a sign of a broader trend in philanthropy.
The conventional approach private foundations have used ever since Mr. Rockefeller created his philanthropy was simple: Invest the assets and then distribute a portion every year. But in today’s world, this structure faces some challenges. The intersection of private wealth and public accountability is more complicated, prompting many in the foundation world to operate in new ways — and with approaches that could eventually turn the entire way philanthropy operates upside down.