Expanding Delivery of Philanthropic Advisory Across Wealth Management

Report Summary

Expanding Delivery of Philanthropic Advisory Across Wealth Management

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

Wally Okby
Strategic Advisor

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.

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.

This 33-page Impact Report contains 11 figures and 5 tables. Clients of Aite-Novarica Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.

Download table of contents

This report mentions Amicus.io, Bank of America, Barclays, BlackRock, BNP Paribas, Broadridge, Caixa Bank, Capital One, CharityVest, Citigroup, Citizens Bank, Comerica Bank, Credit Suisse, DBS Bank, Deutsche Bank, Eastern Bank, Fidelity, Fifth Third Bank, GiveClear USA, Goldman Sachs, Grapevine, Growfund, HSBC, JP Morgan Chase, JustFund, Macquarie Group, Moody’s, Morgan Stanley, Morningstar, New York Life, Pinkaloo, PNC, Prudential Financial, RenPSG, Schwab, Société Générale, TD Bank, The FR Group, TIFIN, UBS, Uncommon Giving, US Bank, Vanguard, Wells Fargo.

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