Family offices are bracing for big changes driven by millennials. In 2017, nearly one in three family offices were engaged in sustainable and impact investing, with nearly half of them planning to increase those investments in the next year, according to a survey conducted by UBS and Campden Wealth.
With nearly two-thirds of next-generation heirs expected to take over within the next 10-15 years, family offices are starting to tailor their investments based on their preferences. Family offices are private offices that manage the wealth of ultra-high-net-worth investors.
According to UBS and Campden’s annual survey on family offices, the next generation will raise their investments in impact and sustainable investing.