Investing according to environmental, social and governance principles seems to be a way to bring together younger and older generations of wealthy families, a study from Barclays Wealth finds.
Once thought to be of interest only to younger investors, “responsible investing is expanding rapidly among all age groups,” Barclays said in a release.
The survey found that 68% of the patriarchs and matriarchs of high-net-worth families say that their children have taken the lead on ethical and social investment matters for the family. As a result of that influence, older generations now show levels of interest in investing sustainably that are similar to those of younger investors.
“Sustainable investing, therefore, serves as a common ground for the different generations with all involved looking to make a positive impact with their wealth,” Barclays said.
[More: The basics of ESG investing]
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
