In the Fall 2014 issue of Progressive Asset Management’s newsletter, News & Views, Sallie Krawcheck discusses three important topics:

1. Her purchase of the women’s network “85 Broads” and its renaming as Ellevate Network:

Sallie: “ Ellevate Network (formally 85 Broads) started as an informal network for Goldman Sachs alumni. It has grown to a thousands-strong, global, cross-industry network. I bought it because I viewed it as means of enabling professional women to become more successful. Networking has been cited as the number one unwritten rule of success in business. The combination of this, our in-person events and the on-line education we provide, helps the members in their careers. Oh, and the women do a lot of business with each other!”

2. Her launch, together with Pax World Management, of a new mutual fund, the Pax Ellevate Global Women’s Index Fund, which focuses on investing in the highest-rated companies in the world in advancing women's leadership. 

Sallie: “The research shows that companies with greater diversity in their senior ranks are associated with higher returns on capital, lower risk, lower earnings volatility, greater innovation, and a greater long-term focus. It’s not that men or women are “better” than the other, but that their strengths are complementary to each other’s. The important step we’re taking is to launch the Pax Ellevate Global Women’s Index Fund in order to shed light on this issue.”

3. Her evolving opinion of socially responsible investing:

Sallie: “I have to tell you: after years of dismissing values-based investing as a fringe activity, I have changed my view. It’s moved from its early days of having to give up return in order to invest one’s values to something that can be value-enhancing. In other words, it doesn’t have to be about a fair return OR investing one’s values anymore, but instead about getting both a fair return AND investing one’s values. And many emerging investors believe this as well. I believe this is going to be a significant trend and growth opportunity for our industry.”

About Sallie Krawcheck:  As past president of Global Wealth & Investment Management for Bank of America, the largest wealth management business in the world, and chief executive officer and chairman for Citi Global Wealth Management before that, Sallie L. Krawcheck is one of the nation’s most respected and knowledgeable financial executives – and arguably the most well-known woman in finance today. Throughout her career, Sallie has been an outspoken advocate for advancing women’s leadership.

About Progressive Asset Management (PAM):  Progressive Asset Management is one of the nation’s largest full-service investment firms specializing in socially responsible investing (SRI), with over 50 nationwide Advisors and over 7,000 clients who want their investments to be in harmony with their social and environmental beliefs.

Complimentary Newsletter

For a complimentary copy of PAM’s Fall 2014 issue containing Ms. Krawcheck’s interview and more, simply visit http://www.progressiveassetmanagement.com/newsletter/PAM%20Fall%202014%20Newsletter.pdf or call 1-800-786-2998. For more information about PAM, go to: www.ProgressiveAssetManagement.com.

Progressive Asset Management, Inc.

Progressive Asset Management, Inc.

Providing individuals and institutions with access to Socially Responsible Investment options since 1987.

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