Advisers urged to encourage philanthropy amongst HNW clients

To combat the financial services' 'philanthropy knowledge gulf'

Isabel Baxter
clock • 2 min read

Advisers have been urged to help more high net worth (HNW) individual clients navigate philanthropy.

Philanthropic network Community Foundations has noted that philanthropy is an "increasingly integral" part of a client's long-term strategic financial planning goals, and advisers need a network of sector specialists to navigate it. The giving network also noted that it can be a challenge for HNW clients to find the right organisations to support. A philanthropy report from Pro Bono Economics in November 2023 found that there is a "philanthropy knowledge gulf" in the UK's financial sector, which is preventing financial advisers from engaging their clients on philanthropy despite a "cl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Canada Life to sell onshore bond business to insurance firm Chesnara

Canada Life to sell onshore bond business to insurance firm Chesnara

Strategic review prompts transfer as Chesnara expands life and pension portfolio

Sahar Nazir
clock 23 December 2024 • 1 min read
Happy holidays from Professional Adviser

Happy holidays from Professional Adviser

Regular newsletters and content will resume on 2 January

Jen Frost
clock 23 December 2024 • 1 min read
The state of financial vulnerability in 2024 and what 2025 holds

The state of financial vulnerability in 2024 and what 2025 holds

'Most firms are now heading in the right direction with their vulnerability processes'

Richard Farr
clock 20 December 2024 • 3 min read