Morgan Stanley Launches Impact Investing Tool for Investors

By Dieter Holger

Morgan Stanley (MS) has launched a tool to help clients measure the social and environmental impact of their investments.

The platform, called Impact Quotient, allows financial advisors to identify more than 100 social and environmental areas their clients can influence, Morgan Stanley said on Monday. It then determines how aligned a client's current investments are with their preferences and suggests products that can help meet their environmental and social goals.

Morgan Stanley's new impact investing platform comes as other wealth managers have added financial tools to assess the environmental, social and governance performance of portfolios. State Street Global Advisors said it had started applying an in-house ESG scoring system in April and Bank of America Corp. (BAC) launched new ESG tools on its online brokerage Merrill Edge in January.

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

(END) Dow Jones Newswires

July 29, 2019 11:44 ET (15:44 GMT)

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