Inheritance-Rich Millennials Are Primed to Become Impact Investing’s Most Ardent Supporters
Friday, June 27, 2014
Fortunately, young investors are increasingly unsatisfied with simply making money. Like many idealist young people, those in line to inherit large sums of money want to change the world, and they are choosing to do so through impact investing, an investing strategy that, the Global Impact Investing Network says, aims “to solve social or environmental challenges while generating financial profit.”
Alexandra Peterson Cart, a co-founder of the impact investing consulting firm Madeira Global, is one young millennial who sees impact investing as a way to weave together the impulse to make money with a desire to help others. At Madeira, Cart advises clients with a net worth of $5 million (U.S.) or more on how to see the largest returns while doing the most social and environmental good.