Research Source: The Advisor relies upon https://www.morningstar.com/for all definitions and classifications of each of the above-referenced types of securities. To maintain portfolios that are environmentally focused and to reduce fossil fuel-related companies to a minimum we rely on Morningstar's definition of fossil fuel companies as follows:
“Fossil Fuel Involvement is the portfolio’s percentage exposure to fossil fuels averaged over the trailing 12 months. Companies with fossil fuel involvement are defined as those deriving at least 5% of their revenue from the following activities: Thermal coal extraction, thermal coal power generation, oil and gas production, and oil and gas power generation. Companies deriving at least 50% of their revenue from oil and gas products and services are also included.”
We do not sell any products. Therefore, sales incentives never bias our recommendations. Our financial planning process includes the following:
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