Investors are changing how they allocate capital. A shift in investor demand has increased the availability of investments to simultaneously meet environmental and social goals while providing attractive returns. Given this expansion in sustainable, responsible and impact investing, the Board of the Jessie Smith Noyes Foundation (“Noyes”) wanted to understand if this evolution presented new opportunities to better align their endowment with their social justice mission. Hiring a mission-driven investment advisor was essential to this strategy.
This report cites takeaways from the search for a new mission-aligned advisor. Insights presented here are intended to beneﬁt peers interested in sustainable, responsible and impact investing, advisors that serve these markets, and investment fund managers looking to identify unmet demand. This paper is designed to contribute to investor-advisor dialogues and lend insights to peer organizations conducting their own advisor searches.