Inheritance-Rich Millennials Are Primed to Become Impact Investing’s Most Ardent Supporters

Friday, June 27, 2014

Millennials stand to inherit $30 trillion (U.S.) in assets over the next three decades. Understandably, investors, and the rest of the world, have a major interest in how these young people will choose to invest their inheritances. Understandably, no matter what industries these young people ultimately choose to endorse, their actions will have an impact on the world.

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.

Source: Student Reporter (link opens in a new window)

Categories
Entrepreneurship
Tags
financial innovation, impact investing, investment fund