Nia Impact Capital has launched a women-led Registered Investment Advisor (RIA) dedicated to helping wealth management professionals meet the growing demand for impact investing solutions.
Founded by impact investor Kristin Hull, Nia Impact Capital provides wealth advisors, financial planners, family offices, private and family foundations, and endowments across the US with unique public equities strategies.
The firm’s flagship portfolio, Nia Global Solutions Equity Portfolio, seeks to deliver a competitive rate of return, while creating positive impact for investors. In 2017, the portfolio delivered a 37.59 per cent return, outperforming the S&P 500 by 15.77 per cent.
“Nia Impact Capital is the next step in our evolution and is inspired by our mission to create world-class impact investing solutions with an emphasis on women,” says CEO and Chief Investment Officer Kristin Hull. “Our team is focused on supporting wealth professionals to meet the growing interest from their clients to align their wealth and their values.”
Hull has more than ten years of experience in impact investing and more than three of investment industry experience. In 2010, she founded Nia Community Investments, a 100 per cent impact fund focused on social justice and environmental sustainability. Prior to that, Hull served as president and board chair of a family foundation, moving the endowment to be 100 per cent mission aligned from 2007 to 2011.
“Our firm derives its name from the Swahili word ‘Nia,’ which means ‘intention’ and ‘purpose,’” Hull says. “Purpose and intention inform why and how we invest. This means investing in companies making a real difference, whose very business model is to earn a profit by benefiting people and the planet. We strongly value both inclusion and diversity. Given the financial performance associated with diverse teams, we invest in those companies with diverse leadership.”
Nia Global Solutions Equity Portfolio is designed to complement an advisor’s existing equity strategy. It consists of 45 to 50 publicly traded stocks and allocates capital to companies with diversity in its leadership. Typically, 65 per cent or more of the portfolio is invested in small- and mid-cap stocks. The portfolio meets the firm’s rigorous impact investing criteria, which includes a strong gender lens focus.