Results for “Ken Costa”

When I contemplate legacy, I envision a harmonious blend of various elements. My hope is for an upcoming generation that's not only fortified by financial prowess and influence but also recognizes the value beyond materialism. I yearn for them to embrace a 'co-spirituality.'

While some criticize them as being overly individualistic, I believe there's a subtle yet undeniable transition from the 'me' mindset to a collective 'we' approach. The profound 'co' concept I foresee is what I term 'co-destiny,' rooted in socially energized capital.

I see it as a blend of the boomers' hindsight, having navigated economic cycles like inflation and recessions, with the zoomers' insight into an ever-evolving world. Together, they forge the foresight essential for future capital deployment.

I once advised my daughter, as I handed her some money, to consult our family's wealth manager. But she corrected me, saying, 'Dad, it's not just about avoiding the negative; I want my investments to contribute positively.' That was an eye-opener for me. The rise of impact investing is undeniable.

The defining feature of our era is that the next generation are bona fide digital natives. They've been raised in a digital world, so concepts like artificial intelligence or quantum computing don't faze them. They're backed by technology, making them tech-empowered. This is the first aspect. They're equipped both to decide how capital is utilized and to research if it aligns with their values.

There's a transition from brown industries to green initiatives. This generation has been instrumental in driving this change, and they're not about to relent, regardless of governmental stances. We're also seeing the 'feminisation of finance' as women progressively take the reins of vast asset pools.

Unlike the divisive silos we've constructed, where one generation accuses the other — the older labeling the younger as lazy and the younger dismissing the older as out-of-touch or rigid. This dynamic needs transformation. Moving forward, it's imperative that both boomers and zoomers work in tandem.

The core reason is the remarkable surge in asset inflation, coupled with low interest rates and QE, which has entirely disrupted a decade's financial landscape. This dynamic favoring those with assets, often at the detriment of the upcoming generation, is at the heart of the crisis.

She corrected me, saying, 'Dad, it's not just about avoiding the negative; I want my investments to contribute positively.' The rise of impact investing is undeniable. This generation seeks a hands-on approach to their wealth deployment. They're astute enough to demand both positive societal impact and good returns.

The defining feature of our era is that the next generation are bona fide digital natives. They're backed by technology, making them tech-empowered. Thanks to social media, they can sway vast audiences in mere moments. They possess a crystal-clear agenda about the environment, justice, equality, and beyond just financial markets, they're reshaping social and political narratives.