With an estimated $30 trillion plus transitioning to millennials over the next couple of decades, millennials will most certainly drive change in the financial industry. Many also see impact investing as a meaningful way to engage their capital and to achieve social and environmental impact.
A volunteer position with a nonprofit organization can be an incredibly rewarding experience—both for you and for the organization. But the path to key leadership roles with such organizations can be tricky to navigate.
A number of factors are heightening safety and personal security concerns for the ultra wealthy, including global political instability and kidnapping. Also, advances in social media and technology have made it easier for criminals to identify and track high-net-worth individuals.
Under 35s are creating more companies, with higher headcount and greater profit ambitions. They show strong interest in the new economy, but not exclusively, and prefer diversification across their investments.
The female next gens have ambition and talent, and they’re prepared to work hard to prove they deserve their seats on the family board. The family firm could actually be one of the most supportive and conducive environments for ambitious and talented women to develop their careers.
Bay Area Council Economic Institute and Bank of the West
Thursday, April 21, 2016
Investing in an organization or fund with the aim of generating social or environmental impact alongside a financial return is a concept that has been gaining wider appeal and attention in wealth management. Often known as impact investing, the concept has become an industry.
In previous studies we've talked about the critical success factors for family businesses: the 3 'S's: skills, scale and succession. These are as relevant for the next gen to be successful as they are for the current gen.