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.