Originally published: WealthBriefing, 25 September 2023
A new study from behavioural finance experts Oxford Risk reveals that one in four European wealth managers are spending 40 minutes or less to establish the sustainability (ESG) preferences of new investment clients, in spite of agreeing that this is one of the most important tasks.
The study with wealth managers across Europe found that over half of respondents take between 41 and 60 minutes to establish the sustainability (ESG) preferences of individual clients. Around 13 per cent said they take between 61 and 90 minutes and 4 per cent spend more than 90 minutes, the survey reveals.
The research was carried out on behalf of Oxford Risk by Pureprofile who interviewed 210 wealth managers in France, Germany, Netherlands, Spain, Italy, Switzerland and the Nordics responsible for €3.2 trillion ($3.4 trillion) assets under management during July 2023.
