NEW YORK (Fortune) — Lowell, Blake & Associates is a small, socially-conscious private investment advisory firm with an uncommon approach that’s paid off well for clients lately.
As part of its ethical guidelines, LBA shuns bank stocks, because it believes banks make money by encouraging consumers to go into debt. As a result, the firm has sidestepped one of the great investing catastrophes of our time – the collapse of the financial sector.
via Investor Daily: The payoff of ethical investing – Mar. 5, 2009.
Is this one of those scarce successful examples?
