Bringing you live news and features since 2006 

SSGA wealth report emphasises philanthropy


A new report from State Street Global Advisors entitled ‘The Heart of Wealth Management’, finds that advisers who aren’t incorporating philanthropy into their business could be overlooking an important differentiator.

The report says that clients with advisers who guide them on philanthropic planning are 40 per cent more likely to be very satisfied with their advisers and 44 per cent of investors want more guidance on philanthropic planning from their advisor.

In addition, 42 per cent of Millennial heirs are more likely to stay with their benefactor’s advisor if they were helping with family philanthropy. 

The report writes that using financial capital for good has become a core aspect of the value system.

“We can see it in the growing desire that individuals have to reconnect their efforts with deeper meaning and purpose. To make a difference. This desire to give back is not a shift for investors, but it may be a new perspective for advisors. The goal of creating and preserving wealth is not only compatible with giving, it is a direct function of it. Wealth management empowers investors to follow personal passions. And it connects the investment experience with what really matters to each one of us.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by