If you have ESG, look to your IPS

Ary Rosenbaum
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

It seems everything is political. I believe the purposes of Environmental, Social, and Governance (ESG) is political and I believe that the Department of Labor’s questioning of a fiduciary’s use of ESG funds on a fund lineup is political too.

That being said, it’s really important to review your investment policy statement as it pertains to ESG funds if you hold them to make sure that you comply with the DOL’s current thinking/guidance.

If you’re ever audited by the Department of Labor, it’s important to have your ducks in a row.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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