Impact investments made by more than 70% of millennials and Gen Xers

Impact investments made by more than 70% of millennials and Gen Xers
Just 30% of baby boomers and older investors have made similar investments, Fidelity Charitable finds.
JUN 12, 2018
A large majority of affluent millennials (77%) and Generation X investors (72%) have made an impact investment, according to a study from Fidelity Charitable, an independent public charity. This compares with just 30% of affluent donors from the baby boomers and older generations, according to the study, "Impact Investing: A Tipping Point?" "Impact investing is the act of purposefully making investments that help achieve certain social and environmental benefits while generating financial returns," Fidelity Charitable said in a release. It noted that its donors are representative of the trend, increasing donor-advised fund assets invested for impact to $856 million at the end of the first quarter of this year, up 110% from 2017. The study found that investors were most interested in investing in public companies with good environmental or social practices, either by investing directly (58%), or through exchange-traded funds or mutual funds (56%). They also indicated a strong interest in investing in small businesses and start-ups with strong social or environmental practices (48%), venture capital or private funds focused on this category (45%) and in making loans to charitable organizations (42%).

Latest News

Net Positive Consortium gains momentum with new members, first strategic partner
Net Positive Consortium gains momentum with new members, first strategic partner

Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.

$30B SEIA taps AssetMark alum Matt Matrisian to lead as president
$30B SEIA taps AssetMark alum Matt Matrisian to lead as president

The independent RIA's new hire, with a decade of M&A experience from his former firm and Raymond James, comes as SEIA logs record growth in 2024.

Advisor moves: BofA bags $5B Citi advisor as Raymond James announces Janney hire
Advisor moves: BofA bags $5B Citi advisor as Raymond James announces Janney hire

Bank of America gains strength in NY a veteran UHNW advisor while RayJay welcomes a three-decade industry veteran in Georgia.

Despite rocky market, ETF launches for retail mavericks rolls on
Despite rocky market, ETF launches for retail mavericks rolls on

A decline in bullishness across Wall Street has not stifled financial innovation in the ETF industry, with scores of new funds minted including leveraged and exotic bets.

US futures higher on Fed rate cut expectation
US futures higher on Fed rate cut expectation

China may suspend some tariffs on US goods.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.