Ron Bates, 1919 Investment Counsel | Scott Conlon, ASI | Julie Davitz, BNP Paribas
The next three decades will see the largest transfer of inter-generational wealth in history. In the U.S alone, we expect that between $30 and $40 trillion of wealth will be transferred from Baby Boomers to Generation X and onto Millennials.
Wealth managers will be dealing with a new generation of investors who are far more values-driven than earlier ones. And research indicates that both women and millennials are more likely to invest consistently with their values. A survey by BlackRock found that 67% of millennials want investments that reflect their social and environmental values, while 76% of women said the same.
Independent reports from Standard Life and JPMorgan forecast the global impact investment sector will be worth $1 trillion by 2020, compared to $60 billion currently.
This massive and wide-ranging trend raises a number of challenges for wealth advisors who want to succeed for their clients in this new environment. The panel will address these related issues:
● What is the most reliable methodology for identifying publicly traded companies that truly commit to specific ESG/Impact values in their operations?
● Can an ESG/Impact-driven portfolio perform at least at parity with a more traditional portfolio?
● What's the most effective way for a wealth advisor to convey to potential investors regarding his/her commitment to and expertise with ESG/Impact investing?
● Is the "typical" wealth advisory firm properly staffed and resourced to deal with this rapidly approaching trend? If not, what still needs to be done?
Moderated by James A."Buff" Parham, President & Owner, Parham & Associates
Ron Bates, Managing Director & Portfolio Manager, 1919 Investment Counsel
Scott Conlon, CFA, Equity Investment Specialist, Aberdeen Standard Investments
Julie Davitz, Head of Impact Solutions for Wealth Management, Bank of the West - BNP Paribas