Socially Responsible Investments:
Officers Association Conference
By Edward Siedle, President, Benchmark
Financial Services, Inc
BUY LOW, SELL HIGH
TIME TO SELL: WHEN PUBLIC OUTCRY IS
TIME TO BUY: BUBBLES?
History of Socially Responsible
As long as investing has existed, social policy issues
have entered into the decision-making process.
Slavery, Child Labor, Alcohol, Tobacco, Firearms
concerns held by many churches.
Investment policies of nation’s earliest mutual funds
reflected these concerns:
George Putnam Fund of Boston
Wall Street’s secret love affair with socially responsible
Looking Beyond the Numbers: The
When should social/policy concerns trump
Wanna buy shares in Canyon Ranch?
More Current Issues
Iran and Sudan Divestment Act
California Responsible Private Equity
Investment Act: sovereign wealth funds
Fiduciary Duty versus Social
Federal Law: ERISA (does not cover public
State Law: Public Funds
Once you create Socially Responsible
Investment directives, implementation,
interpretation and compliance issues will
Creating Workable Socially
Responsible Investment Programs
The Fund will direct 50% of its domestic
equity trades to African American and
Hispanic-owned brokerage firms located
within the City of Chicago at 4 cents per
When You Open That Door, Be Prepared for
Whatever Seeps In.
Is CALPERS truly a Socially Responsible