Impact Investing For The Millennial: You, Too, Can Have An Investment Portfolio

Wednesday, July 1, 2015

Impact investing has been catching headlines with major banks like Bank of America BAC +1.48% and JP Morgan developing so-called “impact portfolios.”

But what about everyday folks who want to invest in social enterprises and impact businesses? Who’s doing personal portfolios for individuals looking to invest small amounts of capital — say, under $20,000. They don’t have the means, or meet the requirements, to hire a wealth fund manager.

Hedgeable, a robo-advisor, argues that there are 15 million “underinvested” millennials who don’t have anywhere to go for “sophisticated” wealth management services. So, they’ve come up with an option for Millennials (or anyone interested in having an impact portfolio) to build one through their site.

“According to studies, about 50% of millennials say they would rather invest in causes than the market at large.” says Mike Kane, CEO of the fintech startup. “Unfortunately, it’s not very easy for them to do that without investing in expensive and non-transparent mutual fund products on their own. Hedgeable is disruptive by offering a streamlined, automated, and accessible digital platform where millennials can invest in the things that they believe in.”

Hedgeable also states that it’s the first of its kind. Swell Investing, an affiliate of Pacific Life, partnered with Motif Investing, a discount brokerage platform where investors can build “themed” portfolios. Some of these themes were socially-inclined.

Source: Forbes (link opens in a new window)

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