Impact investing — a family affair

96.5% of high net-worth inheritors fire their parent’s financial advisors, with a fifth of them saying those advisors were “out of touch.” Nearly all Millennials (92%) have a positive impression of impact investing. As wealth transfers to these Next Gen investors, how should advisors respond? We invite Next-gen and ocean investor, Steven Fox, and CapShift’s Managing Director of Client Experience and Impact Investments, Jesse Simmons, to share their perspectives.   

 

Show Notes  

  

Chapters:   

(:43) Introduction 

(2:35) NextGen Investors Navigating Intergenerational Conversations about Impact Investments 

(4:39) Are there any misconceptions about Impact Investing? How do you deal with them? 

(6:09) How would you characterize the difference between generations? 

(8:00) How do you navigate decisions about figuring out missions and values? 

(10:06) Steve’s Impact Investment Example 

(13:00) What was the conversation like when you brough up II with your financial advisor? 

(14:30) Urgency, decision making, and asset implementation aligned with goals/values 

(16:37) Ill-equip advisor scenarios  

(19:06) Difficult conversation example – Risk 

(21:06) Navigating impact portfolio convos w/clients 

(23:01) Impact investing journey highlights for Steve 

 

Sources:  

• (17:10) 84% of impact investors - https://www.morganstanley.com/content/dam/msdotcom/en/assets/pdfs/MSInstituteforSustainableInvesting-SustainableSignals-Individuals-2024.pdf  

• (17:40) 59% of NextGen inheritors - https://www.bnymellonwealth.com/content/dam/bnymellonwealth/pdf-library/articles/Next_Gen_BNY%202022_report_FINAL.pdf 

Additional Resources:  

• Adam Rein: Investing for Impact and Return - Guiding Assets | Podcast on Spotify 

 

Disclosures:   

Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Nothing in this podcast constitutes an offer, solicitation of an offer, or advice to buy or sell securities.  For detailed disclosures, please visit:  https://capshift.com/social-media-disclosures/