A significant aspect of this transformation is the increasing integration of philanthropy into wealth management strategies, reflecting a broader move towards purpose-driven approaches to financial planning.
Traditionally, wealth management focused primarily on maximizing financial returns. However, there’s now a growing trend among HNWIs to consider societal impact alongside monetary gains, driven by a sense of social responsibility and a desire to leave a positive legacy.
This story is from the May 2024 edition of Investors India.
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This story is from the May 2024 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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