A convergence of factors drives this including:
- Millennials being a global generation
- Advances in models for doing good and making money
- Underlying tech to fuel discovery (investing platforms) and to drive efficiency
- Potential for block chain to deploy capital to NGOs and developing markets
Be sure to see this additional report on Millennials and Impact investing.
Spectrem Group found that 45 percent of wealthy millennials want to use their wealth to help others and consider social responsibility a factor when making investment decisions.