Rich Families Pour Wealth Into $31 Trillion ESG Opportunity
- Investment strategies shift as millennials inherit fortunes
- Deutsche Bank accelerates its ESG focus to meet client demand
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Super-rich families are increasingly including sustainability and ethics in founding principles of their private investment firms, according to Fabrizio Campelli, Deutsche Bank AG’s global head of wealth management.
“Family offices are now putting ESG in their investment charters,” he said, referring to environmental, social and governance matters. There are some family offices in California that can’t invest less than 40% of their assets in ESG, he said.