Demand for sustainable investing may be relatively weak right now among wealthy investors in the United States, but that\u2019s expected to change for the next generation of clients, suggests a report from London, U.K.-based research firm GlobalData PLC.<\/p>\n

According to firm\u2019s 2018 global wealth managers survey, the current level of demand for socially responsible investmenting (RI) from high net worth investors (HNWIs) is \u201cmoderate at best\u201d in the U.S.<\/p>\n

Specifically, 53.4% of U.S. wealth managers surveyed believe that RI is \u201cmore important to the next generation than the current generation of clients,\u201d GlobalData says in a news release.<\/p>\n

Also read<\/div>\n

Responsible investing gaining traction<\/a><\/div>\n<\/div>\n

\u201cAlthough sustainable investing may not currently be the biggest money-maker, that does not mean providers should omit it in their proposition. Parallels can be drawn with robo-advice; both offerings are ahead of their time and will be key for the next generation,\u201d says Sergel Woldemichael, wealth management analyst at GlobalData, in a statement.<\/p>\n

\u201cAs the generational wealth transfer approaches, wealth managers will need to ensure the next generation\u2019s needs are met sooner rather than later, as heirs are likely to start influencing their parents\u2019 investment decision even before the actual wealth transfer. Wealth managers need to adopt or expand their sustainable investments, as demand for these products will only grow,\u201d he adds.<\/p>\n","protected":false},"excerpt":{"rendered":"

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