While money can't make you happy,
it sure can make you blue.
THE VIRTUE OF WEALTH is a wonderful gift for college graduates, newlyweds, and future retirees with its colorful art, inspirational quotations, and financial advice chapters and worksheets for couples and parenting and retirement.
ORDER YOUR COPY TODAY

Creating Life Success the Zenvesting Way

Paul Sutherland, President and Chief Investment Officer of FIM Group shows readers how to understand the fact that we trade time for money and shows us how to step off the treadmill by making decisions based on values, family, and health.

Through worksheets like "Gentle Budgeting," "Time for Money," and "Insurance for Life," THE VIRTUE OF WEALTH encourages us to recognize the financial choices made every day so that we might understand and anticipate the results. Chapers on ethical investing and "Fast-Forward" retirement make this a useful personal finance primer for all ages and economic groups.

The Author

Paul Sutherland has worked in the investment and financial advisory business since 1975. As a Senior Portfolio Manager, he has been managing global total return investment portfolios (under the "investing without borders" style) for more than 30 years. In 1984, Mr. Sutherland formed the Financial & Investment Management Group, Ltd. (FIM Group) - a Traverse City, Michigan-based registered investment adviser that manages investment portfolios on a discretionary basis for individuals, trusts, foundations and retirement plans. He currently serves as the company's President and Chief Investment Officer.

Beyond his extensive investment experience, Mr. Sutherland is the author of numerous books on financial planning and money management, including Zenvesting: The Art of Abundance & Managing Money, 12 Steps to a Care-Free Retirement, A Veterinarian's Guide to Financial Planning, and the AMA Guide to Financial Planning. Mr. Sutherland began his writing career in 1979 with an article on international investing that was published by Physician's Management Magazine. Over the past 32 years he has had academic and consumer articles published in magazines, newsletters and other publications on subjects such as benchmarking global portfolios, asset allocation, retirement investing, income investing, forecasting, and global investing. His work has been published in Business Ethics, Financial Planner, Dental Management, and NAPFA News. He is a regular columnist for Spirituality & Health magazine and has been interviewed by Bloomberg News, Barrons, The Wall Street Journal, The Wall Street Transcript, Investors Business Daily (IBD), Investment News, Money Magazine, and others.

Mr. Sutherland received his M.B.A. from Lake Superior State University. In addition, he is a Certified Financial Planner and has completed the College of Financial Planning's Advanced Studies Course: Investment Strategies and Portfolio Management.

Individuals and corporations from across the United States have sought his advice on estate and tax planning, retirement, and investment management. He has spoken to professional groups nationally and internationally - including Singapore, Beijing, Sydney and Toronto - on topics such as international investing, investment economics, and portfolio management.

Mr. Sutherland is Co-founder of the Children of the World Foundation, past Chairman of the Traverse City Rotary Club's World Community Service Committee, past Chairman of Safe Passage and current board member, as well as Founder and Chairman of the Board of the Utopia Foundation.

Responsible Investing

Often I am asked about our socially responsible investing and our core beliefs that guide our investment strategies. As investors that want to be responsible, thoughtful, and ethical in their investment themes, it becomes difficult with the landscape of ever-moving corporate management, investor's fickleness, and short-termism. Recently there has been an increased interest in Socially Responsible Investing (SRI). Since 1995 there has been a $190 billion increase in social screened funds according to The Forum for Sustainable and Responsible Investment - www.ussif.org.

I think socially responsibility is an irresponsible phrase for a more ethical style of investing because it infers that other investors are socially irresponsible. But I believe that there is a balance between the extremes of SRI. Every individual's ethical framework is different, so after obvious unethical investing like tobacco and alcohol, the arena becomes muddy and gray. As a money manager I try to minimize our impact, but I don't expect other people to be similarly predisposed. I don't degrade us because we are using resources, nor do I deny that human beings have influence on the environment, quality of life, and ecosystems. Somewhere between those two extremes I believe there is a balance. I try to attain that balance through a number of ways.

One is I try to come from a point of view that investors cannot do an effective social screen or a rigid selection system on whether an organization is ethically responsible. The oil and gas industry is often targeted as unethical but what I look for are energy companies that realize they are in the energy business and not specifically in the oil business. I look for those that that are trying to help people minimizing their need for oil, while building within their policies an emphasis on true, renewable energy sources all the while being good, corporate citizens. Often those attributes are very hard to locate. What makes it so one company meets the criteria to be owned or not, is purely judgment, and it is not through a tick-off-the-box system.

A lot of social investors have done what I call the "tick-off-the-box" method of investing. They basically say diversity is important, so they say, "Well, if I have a diverse corporate board that means that we are a more ethical company." If you have a very diverse board, it does not make the organization any more ethical or responsible than another corporation. You have to look at the ethics of individuals and not make an assumption because a person is of a certain social status, gender, race or religion that they are going to have somehow been beholden with ethical and social virtues. What you want are virtuous, long-term thinkers on the board.

I believe I have to process the attributes of a company on an intellectual level and determine if the investment is balanced and meets our criteria. Most socially-responsible investment companies have significant holdings in the area of health care and pharmaceuticals, and to say that those companies are not marketing drugs the same way that Adolph Coors markets beer is pure shortsightedness. Every company needs to be looked at with scrutiny and with judgment.

Our fiduciary job with each shareholder is to increase their financial security, increase their wealth, and provide a stable income for them after retirement. To me as a fiduciary, it is irrational and illogical to own socially-irresponsible companies. It is irrational and illogical to own a tobacco company that is basically killing people. It is illogical to own a defense company that basically makes products that kill people. I like to say that I try to be economically responsible and whole-brained about the way I invest in our duty as fiduciaries.

 

Columns

Paul Sutherland is a regular contributor to Spirituality and Health. See more at: www.spiritualityhealth.com



Paul H. Sutherland in the News

Paul Sutherland featured in Wall Street Journal article.

December 15, 2011

Paul Sutherland Interview by Wall Street Journal Transcript


December 9, 2009

Paul Sutherland interviewed by Business Talk Radio


 September 14, 2009

Socially Responsible Investing: What is Possible in These Times?


 September 14, 2009

A Q & A session with Paul Sutherland about his new book, The Virtue of Wealth

Paul Sutherland interviewed by Bloomberg about oil.

July 31, 2009

Paul Sutherland Interviewed by the Wall Street Journal on Emerging Markets

July 01, 2009

Paul Sutherland Recognized by Medical Economics As One of "150 Best Financial Advisors for Doctors"


January 30, 2009

Medical Economics scoured the financial advisory field to comprise their new 2008 list, which was last compiled in 2006. Hundreds of nominations were submitted and nominees were then selected for inclusion based on knowledge, experience, geography, fee arrangements, minimum portfolio requirements, and good standing.

Listen to Paul Sutherland's recent interview on Interlochen Public Radio


January 23, 2009

 

Zenvesting book cover

The Book

Reviews.

  • “Paul has always impressed me as an author. His insights are beyond just the financial realm. This book takes an even broader perspective I find stimulating and calming.”
    - John Sestina CFP®, ChFC CFP®, ChFC

  • “What a clever and insightful journey. Paul seems to have mastered the ability to offer sound advice – financial and otherwise – wrapped comfortably inside some heartfelt memories.”
    - Jeff Benjamin, Senior Editor - Investment News

  • “It takes courage to create a life in alignment with our unique values and dreams. Yet, as The Virtue of Wealth so richly describes, it is the only way we ever experience true happiness – and true wealth. This is a beautiful book filled with deep insights and inspiration coupled with practical tools and suggestions. It is a fascinating, soulful guide for ending victimhood and taking responsibility for our life and money choices. Read this book and you will see a new path towards greater meaning, service and abundance.”
    - Megan Raphael | Award-winning Author, 
"The Courage Code"

  • “The Virtue of Wealth is a thought provoking, practical guide to achieving financial success in all phases of our lives. Refreshingly there is no ‘hype,' instead clear and gentle explanations leading the reader to an understanding that true insight comes from viewing financial aspirations against the wider philosophical considerations of our lives. The book encourages the reader to think deeply about what is important for them whilst at the same time pointing out options for accepting and dealing with the reality in which we live. It contains useful tools for understanding and maintaining balance and personal financial integrity in a complex and often paradoxical world.”
    - Anne O’Donnell - Managing Director, 
Australian Ethical Investment Ltd

  • “The Virtue of Wealth marries possibilities with practicalities, giving concrete suggestions for creating a life of abundance. This wise and gentle book also reminds us that true wealth lies in our relationships with others, and that monetary wealth is simply one way of ensuring our ability to enjoy these relationships.”
    - Lisa M. Belisle, M.D., M.P.H. 
Editor, Our Daily Tread

  • “Whether we realize it or not, the human tendency is to construct our lives around the idea that our doing first leads to having which in turns leads to being. With compassion and brilliance, Paul masterfully leads us on a journey of transformation to a better understanding that Being always precedes having and doing.”
    - Scott Neal CPA®, CFP®, MBA 
President of D. Scott Neal, Inc

 

Excerpts

Here are a few pages from the book to give you idea of how it can benefit you to help achieve financial success. I hope you enjoy.

Blessings,
- PAUL