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Home Lifestyle Family Office

From Profit to Purpose: Family Offices Embrace Conscious Capitalism

by Team Lumida
May 30, 2024
in Family Office
Reading Time: 3 mins read
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Key Takeaways

  1. 57% of Family Offices incorporate sustainability or plan to.
  2. Next-gen leaders prioritize social issues like climate change and inequality.
  3. Impact investing blends profit with social and environmental returns.

What Happened?

Family Offices are embracing the concept of conscious capitalism, popularized by Whole Foods co-founder John Mackey and author Raj Sisodia. This philosophy encourages businesses to operate ethically while pursuing profits.

According to the UBS 2024 Global Family Office Report, 57% of surveyed Family Offices have incorporated or plan to incorporate sustainability into their operations. This shift aligns with the new generation of Family Office leaders who prioritize social issues like climate change, poverty alleviation, and gender inequality.

Why It Matters?

You might wonder why this shift in Family Offices is significant. The new generation of leaders is focused on preserving wealth and making a positive social impact. They value diversity and collaboration and want their investments to reflect these principles.

This change can potentially lead to more sustainable and socially responsible business practices, influencing broader market trends. Impact investing, which doesn’t solely focus on profits but also on social and environmental returns, is becoming a key strategy.

What’s Next?

Expect Family Offices to continue blending profit with purpose. As more next-gen leaders take the reins, they will likely push for investments that align with their values. This could mean more funds directed towards clean energy, education, and healthcare.

Additionally, these leaders are not just writing checks; they are actively involved in their philanthropic efforts, bringing their expertise and networks to drive meaningful change. Watch for an increase in social enterprises and businesses that prioritize Corporate Social Responsibility (CSR) and diversity, equity, and inclusion.

For investors, understanding this trend is crucial. Companies that align with conscious capitalism principles may attract more investment from Family Offices. This shift could also influence market dynamics, making sustainability and social impact key drivers of business success. Investors should monitor how Family Offices incorporate these values into their strategies and consider the potential long-term benefits of aligning with this new investment philosophy.

Source: Forbes
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018