Financial tools and investment strategies are constantly evolving to incorporate new analytical approaches and faster computing technology to deliver benefits of lower expenses and enhanced value added. It is important for managers of multigenerational wealth to understand these changes. Most institutional investment firms now integrate analysis of a companies’ treatment of their stakeholders into their research, as it will often have a material impact on profitability and long-term sustainability of companies’ business operations. Areas reviewed include their management of human capital, their role as an actor within their community, their emissions and carbon footprint, and their governance structure and reputation for ethical conduct. Again, institutional investment firms research these areas because they are material to long-term performance. Next-gen and women are often keenly concerned with companies’ actions along environmental, social, and governance (ESG) dimensions and are often left out of the management structures of multigenerational wealth. Just as astute institutional investment firms embrace a multi-stakeholder perspective for better performance, managers of multigenerational wealth can benefit by integrating the impact investing and ESG perspective and initiating a discussion of impact with family members that may help guide the wealth management process going forward.

Do you remember a time in your life where you felt the exhilaration of freedom? Maybe it was when you bought your first car, or received your diploma, or took your first vacation in a long time. Think about that feeling. We think you can achieve that same feeling with your financial freedom. HerPath is dedicated to providing a track for women to financial freedom. Freedom comes from gaining clarity on your financial health as well as pursuing options for how to meet your goals. We want to help you have a clear understanding of what your goals are and how to reach them. You can pursue financial education because it provides a reason to be confident in the decisions you make with your money, whether saving, investing, or spending. With knowledge of your finances comes power. Many times, we don’t like something or think it’s tedious simply because we don’t understand it. We believe by taking the time to build your education surrounding finance, you provide yourself a path to financial freedom and an opportunity to enjoy it and its great benefits, which can last for generations.

While many anticipated the 2^nd quarter might mark peak growth rates in the U.S., the still nagging delta variant of Covid-19 and supply-chain ripples may have delayed that peak.  In the meantime markets continue to drift higher as investors celebrate the strength of earnings season with the vast majority of companies outpacing expectations in revenue and earnings. This and more in our July Market Update.