NB Private Wealth’s Thematic Currents takes a closer look at trends effecting today’s wealth management landscape. Poised to create opportunities and risks for wealth strategies and portfolios, these trends are taking up space in the headlines and shaping our lives today and beyond.
Introduction to Thematic Currents
The Future is Much More Female
1. A significant transfer of wealth is underway...
Over the next 3 to 5 years, women will inherit nearly $30 Trillion of global wealth which stands to create a seismic shift for global markets. But also, more women are creating their own wealth now, more than ever. We see a shift in how women – whether single and successful or recently widowed – approach their finances. Females are taking the driver’s seat in the decision making and planning around their wealth. To that we say, the future is much more female.
Private Markets: From Institutional to Individual
2. The search for an uncorrelated asset class remains top of mind...
The democratization of private markets has opened the door to a new asset class for individuals that may offer uncorrelated returns to the traditional public markets. Recent economic events have driven positive correlation in equity and fixed income markets making the hunt for an uncorrelated asset class top of mind for individuals. While unfamiliarity with the private sector has been a cause of skepticism, we see private clients currently finding themselves overweight equities, lacking diversification, and exposed to more market volatility than their risk tolerance would typically permit. Enter Private Markets…
INVEST WITH PURPOSE
Less about 'Me', More about 'We'
3. The next generation thinks differently about wealth...
With the great wealth transfer among us, we see a different set of values taking center stage in the way younger clients view their wealth. The rising generation does not measure success by accumulating wealth but rather by how they can meaningfully invest their wealth and the impact it can make. Passions based investing can mean aiming for impact in investment strategies AND personal cause -- the two are not mutually exclusive. The next generation tends to think differently about wealth and is choosing to align their investments with their values.
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