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Supreme Court nominee Brett Kavanaugh

Supreme Court Nominee Kavanaugh’s Outside Retirement Account Isn’t Worth Much

Brett Kavanaugh hasn’t saved much for retirement, ImpactAssets launches impact investment directory and Fiduciary Trust partners with Advizr.

U.S. Supreme Court nominee Brett Kavanaugh doesn’t have a comparatively large sum of money in his bank accounts, according to his financial disclosure statement. The 53-year-old reported a retirement account worth $15,000 or less and Bank of America accounts valued from $15,001 to $50,000. Disclosures only reveal officials’ and nominees’ holdings in broad ranges. Should that $15,000 in retirement savings seem paltry, Kavanaugh’s work in the government will support him with a lifetime pension equal to his highest full salary, which would be $255,300 if he’s seated on the Supreme Court and serves for at least 15 years. He also has “'just south of $500,000” in a federal retirement account, reported The Wall Street Journal (paywall).

ImpactAssets Launches Directory of 300 Impact Investments

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ImpactAssets, a nonprofit financial services firm based in Bethesda, Md., made a directory of more than 300 impact investments available on Thursday. The Giving Fund Portfolio Directory is searchable and represents $425 million in investments recommended by donors to the ImpactAssets Giving Fund. The directory also highlights interest in sourcing direct, private investments aligned with ESG returns, the company said in a statement. In the first six months of 2018, donors made 45 custom investments in 42 companies, averaging two new investments each week and on pace for a record year.

Fiduciary Trust to Use Advizr’s Financial Planning Product

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Fiduciary Trust Company International, a global wealth manager and subsidiary of Franklin Templeton Investments, said Thursday the company would begin using Advizr’s financial planning product. The software will enable the firm’s wealth managers to provide more personalized, dynamic goals-based planning and advice to clients, the wealth manager said in a statement. Fiduciary Trust parent company Franklin Resources made a capital investment in Advizr in June 2017. Fiduciary Trust Company International manages private and institutional assets totaling $77 billion.

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