Eight more adviser firms have joined the AdviserAction group, a campaigning membership organisation launched last year to help the adviser sector engage better with listed companies on sustainability issues.

The new firms joining up include: Ethical Futures, Foster Denovo, Henson Crisp, Holden & Partners, Kingsfleet Wealth, Prydis Wealth Scotland, TAM Asset Management and Unburdened Solutions. 

The group, facilitated by CCLA Investment Management, has so far signed up 16 member firms which together have £8 billion in assets under advice.

Other advice firms are also being invited to join.

Founding members include Castlefield, Clear Financial Advice, ESG Accord (Accord Initiative), Fintel PLC, Kellands Chartered Financial Planners, Lyndhurst Financial Management, Paradigm Norton and SRI Services.  

AdviserAction was launched in late 2023 to provide more support to the advisory sector when engaging with listed companies on sustainability issues.

AdviserAction says that advisers play a key role in sustainable finance but have struggled to participate in stewardship due to the structure of the industry.

The organisation was set up to coincide with the FCA’s publication of sustainable fund labels and anti-greenwashing rules, as well as the introduction of the Consumer Duty.

Clémence Chatelin, ESG integration manager at CCLA, said: “Engagement is one of the most important ways our industry can drive progress at investee companies, so it is hugely encouraging to see more advisers join forces to tackle systemic sustainability issues.

“It is clear that advisers want to be involved in sustainability and we are excited to pool this growing group’s resources, expertise and enthusiasm to take on effective, system-wide engagement on the issues that matter most to clients.”

CCLA is an investment manager with a track-record of campaigning on climate change, modern slavery and mental health. It was founded in 1958 and is owned by its clients in churches, charities and by local authorities and staff. It has £14.5bn of assets under management as at 31 March 2024.

AdviserAction can be contacted at: This email address is being protected from spambots. You need JavaScript enabled to view it.