The Duke and Duchess of Sussex have become “impact partners” and investors at sustainable investing firm Ethic. The New York based company, which manages $1.3billion worth of assets, advises wealthy clients on how to invest their money more sustainably, prioritising issues such as climate change.
Meghan, 40, admitted the idea of investing had not previously been part of her life.
Harry said he hoped the pair could encourage more – particularly young – people to invest their money in a more sustainable manner.
But, royal biographer Angela Levin hit out at the latest move and said the couple are “not financiers”, claiming they are using their status to line their own pockets.
She told GB News: “They want to come back [to the UK] every now and again and either film what they’re doing or have grievances to talk about when they come back home, but it will keep them up as royals.
“You don’t have the luxury to invest. That sounds so fancy.”
Ethic creates accounts for users to invest in social responsibility themes.
It aims to empower wealth advisers and investors to create portfolios that align personal values with financial goals.
The Duchess said: “My husband has been saying for years, ‘Gosh, don’t you wish there was a place where if your values were aligned like this, you could put your money to that same sort of thing?'”
Harry added: “You already have the younger generation voting with their dollars and their pounds, you know, all over the world when it comes to brands they select and choose from.”
On its website, Ethic said Harry and Meghan “share a lot of values with us, and we suspect, with many of you as well”.
The firm added: “They’re deeply committed to helping address the defining issues of our time-such as climate, gender equity, health, racial justice, human rights, and strengthening democracy and understand that these issues are inherently interconnected.”