Guest Bio - David O’Leary David is a wealth management expert, impact investment professional, public speaker, and writer. David spends his time as Founder & Principal of Kind Wealth, a holistic wealth management practice helping early to mid-career Canadians manage their money in a way that matches their values. (See full BIO at the end of the notes) Summary This is yet another fascinating episode that covers so many questions: What is the role of a wealth manager? Or an Investment Manager? Or a Financial Planner? What is the fiduciary duty? And what is the duty of the pension funds and other institutions that are the largest investors in the world? And from a personal perspective, what are some of the best things the “average” person can do to “vote with their dollar”? Do you have to be a high-stakes, risk-taking investor to make a difference? Or can you be involved from early career stages to shape the future world into a sustainable landscape and impact wealth reality? What is the best intersectionality between advisors and clients? How do we measure impact, the access and the inclusion to products, services and the effect they are having on people, the environment and the returns? These and so many more topics are covered during this in-depth episode. Enjoy! Key points The definition of “impact investment” and the spectrum of capital: where or how you want to participate is your personal choice based on your wealth management goals.Somehow, sustainable investment and profit-generation became mutually exclusive, but it doesn’t have to be.The impact of having a theory of changeWhatever it’s called, when your approach to wealth management includes using finances to better the world, your investments will be healthier than if you were only trying to get more money with little regard to how profits are generated.Milton Friedman vs Real Sustainable Fiduciary DutyBrow Stocks and the prisoners’ dilemma Key definition: Investment Management vs Financial Planning The Intersectionality of wealth managers and clientsMeasuring Impact, Qualifications & God’s call Time stamps [6:09] How David defines sustainable and impact investment [9:04] The spectrum of defining “impact investment” [18:07] The real intent of fiduciary duty vs the old Milton Friedman interpretation [21:30] Brown stocks perform worse than sustainable ones [24:10] Short-term vs. Long-term wealth management plans [31:35] The age range (and reason) of people who have been most historically underserved in quality financial advice [33:33] Investment management vs financial planning: two separate personal finance issues that have traditionally been erroneously combined, now should be intentionally treated separately [41:00] Wealth managers & advisors tend to serve people like themselves [42:00:] Measuring Impact, underrepresented groups, access & inclusion [50:37] The Bottleneck: Perfect is the enemy of good - Financial advisors vs. ESG investments [56:00:] Some relevant qualifications in the UK and Canada [1:00:35] David working in Sierra Leone on microfinance projects, how that relates to impact investing [1:02:00] World Vision and the work of missionaries [1:05:00] Call to action Useful links JP Dallmann on Forbes David O’Leary’s website Connect with David and listen to his podcasts - Sign up at impactinvesting.how Kind Wealth website https://kindwealth.ca/team/ Andrew Parry on the Impact Leaders Podcast World Vision website https://www.wvi.org Milton Friedman on Wikipedia Theory of change on Wikipedia Logframe - Logical Framework Approach CFA Institute Website Certified Professional Impact Analyst (CPIA) designation at Queens University -------- Call-to-actions: The podcast is one of catalytic initiatives to help deliver on Our mission to “Raise awareness to help transition capital into Sustainable & Impact Investing faster and at scale” 1-Become a Patreon if you would like to support it, you can become a patreon and also make one-off contributions. 2-Become a sponsor We’re looking for 3 founding sponsors support the mission! Reach out today to work with us! 3-Become an IMPACT LEADER We are looking for 10 people interested to join our new IMPACT LEADERS programme. Register your interest to book a call. 4 - Get in touch Contact us to help you transition into Sustainable & Impact Investing - ILA & Partners 5 - GIFT: My FREE Guide to Profit & Impact If you are a business owner or an investor and you struggle to create the PROFIT & IMPACT you want … then download my free guide : The 6 Reasons why YOU & YOUR BUSINESS DON’T CREATE SUSTAINABLE PROFIT & IMPACT Connect with JP Dallmann on Linkedin, Twitter, Instagram and Clubhouse Impact Leaders is produced by Podcast Publishing ------- Important: The content shared on this podcast does not constitute a request, offer, recommendation or solicitation of any kind to buy, subscribe, sell or redeem any ...
