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Socially Responsible Investing Finds Home in Charleston

Thirty years ago, social investing began to make its mark in the mutual fund industry by offering investors funds that only invested in companies that were considered responsible stewards of the environment, government, and society as a whole.  Our next guest says that now that trend is much more than a fad, and that most of the younger generation is demanding it.  And that Charleston, SC is a natural location for these types of money managers to thrive.

Mike Switzer interviews Keith Sauls, a chartered financial analyst with Exeter Venture Group in Charleston, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.