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No matter how many times an entrepreneur has started a business, challenges abound. The marketplace is fickle in picking winners and losers, and any ego boost from other successes must be checked at the door of the new venture. But the challenges doesn’t stop many entrepreneurs from taking on multiple startup experiences. That’s increasingly true within the millennial generation, where the entrepreneurial lifestyle offers an excitement that’s hard to find elsewhere. For millennials, they know the risks, and they’re not afraid of them.

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. Ten impact investors from Europe and North America share their impact investing journeys and provide specific examples of what kind of collaboration they would value.

From family members' well-meaning comments to unsolicited advice from friends and co-workers, it can seem as though everyone has an opinion on money matters. But if you listen to every piece of advice and perspective on saving for the future, you can quickly get overwhelmed and caught with the challenge of having too many goals. How can you prioritize all of your savings goals and still live the life you want today?

Unlike prior recessions and monetary responses, the attempt at economic recovery following 2008 was decidedly different. Through the Federal Reserve’s zero interest rate policy (and strong guidance that rates would stay low for an extended period of time), the Federal Reserve forced investors out of low risk assets and into risky assets. The extreme low interest rate environment created many significant, unintended consequences for both U.S. and global markets, including the impact on investor risk tolerance.

The wealth management industry is seeing a wave of mergers and acquisitions (M&A). From the buyer’s perspective, the biggest question when pursuing M&A is whether the target firm is worth the asking price. From the seller’s perspective, the biggest question is whether the bidder is the best match. Although this difference of perspective creates natural tension in any deal, technology can alleviate more of it than one might think.

After months of fierce debate and a policymaking hiatus, the United Kingdom (UK) electorate has voted in favour of leaving the European Union (EU). While the broad direction is set, companies will still face considerable uncertainty until the UK’s exit strategy is defined and trade negotiations (including the trans-border movement of people) with the EU and other countries are completed.

What has been called a “soft revolution” in the UK may also be thought of as the “revenge of the 99%.” The final implications of the decision to leave the EU will not unfold for many years, but some of the initial economic and market impacts are becoming evident. Interestingly, one “winner” in this scenario may be the U.S. consumer. A stronger dollar generally reduces the cost of imports and reduces the Fed’s impetus to raise interest rates. On the broader spectrum, Brexit should not interrupt domestic consumer spending or the recovery in the U.S.

The outcome of the United Kingdom’s referendum to leave the European Union has stunned forecasters and market participants. The market responded in dramatic fashion to the news, triggering economic repercussions where the Euro fell against the U.S. Dollar from 2 percent to 8.5 percent. Meanwhile, safe haven bond markets rallied up to 25 basis points. As heightened risk premiums filter into global markets, we advise investors to focus on long-term perspective of how events may play out and how markets and portfolios may respond.

NEPC's Christopher Levell, ASA, CFA, CAIA, Partner, hosted a webinar discussion on Wednesday, June 29, 2016 on the effects of the United Kingdom’s referendum to leave the European Union. The UK’s vote is an unprecedented event that has major implications for global markets both in the short and long term.

In a historic referendum, Great Britain voted to leave the European Union, and the “Brexit” impact on the global markets was immediate—evidenced by market movements where the British Pound, the Euro, European equities, and UK equities were hit hardest. The next steps for Brexit will take some time, and political risks will increase uncertainty, which will dampen UK and European growth prospects. But what does “Brexit” mean for the broad capital markets?