Book contents
- Frontmatter
- Dedication
- Contents
- List of Contributors
- Preface
- Introduction
- 1 Construction of an Impact Portfolio: Total Portfolio Management for Multiple Returns
- 2 Total Portfolio Management: One Practitioner's Approach
- Case Study 1
- Case Study 2
- Case Study 3
- 8 The Measurement Challenge
- 9 Communicating Impact: Frameworks for Messaging
- 10 A Journey to Impact: Initial Steps toward Impact Investing
- Case Study 4
- Appendix: Impact Investing Resources
- Notes on Contributors
- Index
10 - A Journey to Impact: Initial Steps toward Impact Investing
from 8 - The Measurement Challenge
Published online by Cambridge University Press: 15 October 2019
- Frontmatter
- Dedication
- Contents
- List of Contributors
- Preface
- Introduction
- 1 Construction of an Impact Portfolio: Total Portfolio Management for Multiple Returns
- 2 Total Portfolio Management: One Practitioner's Approach
- Case Study 1
- Case Study 2
- Case Study 3
- 8 The Measurement Challenge
- 9 Communicating Impact: Frameworks for Messaging
- 10 A Journey to Impact: Initial Steps toward Impact Investing
- Case Study 4
- Appendix: Impact Investing Resources
- Notes on Contributors
- Index
Summary
Reflections from an Impact Investing Advisor
I was in the prime of my wealth management career. About to turn 30, I managed investments for 20-plus multigenerational high-networth families. I'd spent several years climbing the corporate ladder, and finding “success.” And then the epiphany struck—success wasn't about titles and more money; there had to be something deeper. I started to see a clear separation between people of wealth and people of scarcity—the poor and struggling individuals with whom I came in contact from volunteering. I realized I could bridge the gap, and that I had the empathy, passion and skill-set to help.
It took me until age 33 to fulfill one particular goal, to travel in Africa. It marked an entry into impact investing, a process by which people define their values—what they care about, the change they want to see—and link them to both their financial goals.
I entered this business because I truly believe there is enough money to change the world, it simply needs to be allocated effectively. With the rise of impact investing, we have the power to utilize our money to not only garner a financial return, but change a life in the process. I challenge each of you reading to close your eyes and imagine the one issue that means the most to you. Whether it be with time, money or personal resources, I invite you to invest in that issue in whatever way you can at this moment to welcome you into the world of impact investing.
Investment Strategy Approach
How is an effective impact strategy built? It involves the following four elements:
1. Uncover Values and Goals
Impact investing is similar to traditional investing, just a step or two deeper. Traditional investing fundamentals are carried through to an impact investing strategy. The process is designed to identify the issues investors care about it, and the methods they'll employ to effect change.
It begins by asking two questions:
If you could only “move the needle” on one or two issue areas, what would they be and why?
How would each and every investment you make have an impact, whether it's in their 401(k) or investment portfolio, their consumption decisions and even where to send their kids to school?
- Type
- Chapter
- Information
- The ImpactAssets Handbook for InvestorsGenerating Social and Environmental Value through Capital Investing, pp. 265 - 268Publisher: Anthem PressPrint publication year: 2017