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Stock impact report

LGT Wealth Management initiates pass-through voting technology [Yahoo! Finance]

LEGAL&GENL GRP PLC S/ADR (LGGNY) 
NASDAQ:AMEX Investor Relations: merriam-webster.com/dictionary/legal
Company Research Source: Yahoo! Finance
manager to adopt pass-through voting technology, empowering its clients to directly influence decisions within their investments. The move has assisted LGT Wealth Management's clients to voice opinions on key corporate resolutions across a range of passive pooled-fund investments. This shift strengthens the firm's stewardship strategy and sustainability focus, expanding voting influence across client portfolios to align investments more closely with individual values. In addition, the initiative is facilitated through ProxySphere technology by fintech firm Tumelo, in collaboration with Legal & General Investment Management (LGIM) and State Street Global Advisors. Traditionally, asset managers made centralised voting decisions, but pass-through voting allows individual investors a direct say. This change reflects a broader regulatory push for wealth managers to take greater responsibility in stewardship practices. Moreover, this innovative step underscores LGT's dedication to Show less Read more
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