Millennials are driving a shift in how the ultra-wealthy manage their money
|09/13/2017||Posted by BusinessMediaguide.Com under General World News||
- Family offices, which manage the money of the super rich, are focusing more on philanthropy and impact investing, according to a report out by UBS, the Switzerland-based financial services firm.
- Over 40% of family offices are set to ramp up allocation towards sustainable or impact investments, which seek to deliver outsized returns and remedy environmental and social ills, according to the report.
Regular people put their money into a savings account or hand it over to a financial adviser to manage.
But the wealthiest tend to pull out a few more stops, and in some cases establish entire teams, referred to read more >>>