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Profit or purpose? Wealthy youngsters want both for their investment portfolios

Younger investors want to do good while they make money. But does that leave any place for charitable giving?

Profit or purpose? Wealthy youngsters want both for their investment portfolios
Photo: Getty Images

As a new, more socially-aware generation comes into its peak earning and savings years, it has become a cliché in the industry that we have to work harder doing good with money, as well as earning a return. But it is a cliché because it is true.

Working with private clients, as we do at Dolfin, we have seen this first-hand. As wealth is passed to younger generations, they typically have a greater emotional interest in their investment portfolio. They are worried about climate change; they care about reducing plastic waste, and they want to support community development. They want to know their investments are not only making money, but doing good too.

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