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Tom Orecchio ’90, principal at Modera Wealth Management, provided expert commentary this week for a segment on CNBC’s “On the Money” program about investing in green (environmentally responsible) funds.
“It’s about aligning your values with your portfolio,” he said. “Green investing is an offshoot of socially responsible investing, and if it’s right for you, great, but you may be giving up some return.”
“On the Money” is a one-hour show about personal finance hosted by CNBC’s Carmen Wong Ulrich, who asked Orecchio whether government investment in green technology will help green companies perform better in the stock market.
“There’s a possibility, but a lot of this is about marketing, too,” he said. “The term ‘green’ is everywhere. And right now it’s easy for mutual funds to market a green product, just like in the ’90s it was easy to market a socially responsible product. So we’re not sure which of these companies will survive, which is why if you are going to [invest], you should do it in a broad-based fund.”
Orecchio and fellow guest commentator Doug Lockwood of Harbor Lights Financial Group also discussed the three green funds rated highest by investment research firm Morningstar.
Orecchio has been named one of the top wealth advisers in the country by Worth Magazine for the past four years and by Reuters AdvicePoint last year. He has been quoted extensively in the media, including The Wall Street Journal, Time Magazine, US News & World Report, Investors Business Daily, Money Magazine, and many others. He has appeared on several other programs, including CNN’s “Money Matters”; Fox News’ “Your Money”; MSNBC’s “Money Talk”; CNBC’s “The Wall Street Journal Report” and “Money Edge”; and ABC Business News.
The government and law graduate is former chairman of the board of directors of the National Association of Personal Financial Advisors. He has shared his expertise with students as an externship host and as a speaker at the Alumni Association’s Orientation to Life program.