Expanding Delivery of Philanthropic Advisory Across Wealth Management

Population trends in philanthropy are shifting purposefully toward social engagement and transparency. 

Boston, September 8, 2021 — For generations, wealth management and philanthropic advisory services were not marketed to private clients holistically. Given the seemingly unstoppable movement toward holistic wealth management relationships, philanthropy really can’t be left out of wealth plans anymore. The fact that this sector lags in fintech investment is surprising given the virtuous and righteous traits philanthropy has in common with sustainable investing—one of the most exciting and dynamic segments of wealth management, especially for the younger generations. Financial institutions that market philanthropic advisory through donor-advised funds to these demographics stand to benefit from this innovation.

“New digital interfaces that enable private clients to achieve positive ESG impact through sustainable investments and philanthropic advisory will gain traction shortly,” says Aite-Novarica Group Strategic Advisor Wally Okby. 

This Impact Report discusses the transformation of philanthropic giving in the U.S. and arming wealth managers with solutions to attract the younger clientele. Aite-Novarica Group conducted in-depth interviews with chief executive officers and executive managers of 18 organizations during the first half of 2021 to form the basis of this report.
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​​​​​​To request a press copy of this report or to speak with Wally Okby about this topic, please contact us at [email protected].

About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.

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