Next-gen investing: ‘Our generation is really starting to rethink how family offices work’

In today’s generational wealth transition, family offices are facing a new reality: younger investors are bringing different expectations, interests, and perspectives to wealth management. A recent Canadian Family Offices article explores how emerging generations are reshaping the investment landscape through their embrace of innovation, technology, and thematic investing, while also seeking a more active role in family wealth decisions.

In the article, Greg Moore, Partner, highlights the importance of engaging and empowering the next generation through education and meaningful participation in investment decisions. He notes that many second-generation wealth holders recognize that their children can benefit from the financial and investment knowledge they themselves were not exposed to early enough. To help bridge this gap, Richter focuses on equipping younger family members with the skills and confidence needed to make informed decisions while fostering a deeper understanding of the family’s long-term objectives.

Greg also explains how thematic investing can serve as a powerful bridge between generations. Six years ago, Richter offered families the opportunity to invest in SpaceX as part of a broader focus on space exploration. The response was overwhelmingly positive, with many families viewing the investment as one made specifically for future generations. As Greg observes, younger investors are often drawn to transformative themes and technologies that have the potential to shape the future. While these opportunities can be compelling, he emphasizes the importance of distinguishing long-term investing from speculation and maintaining a disciplined, diversified approach to preserving and growing family wealth across generations.

Read the full article on the Canadian Family Offices website.