Lydia Kellett, Partner at Mishcon de Reya, provided insight to Luxury London on the generational shift in how high net worth (HNW) Millennials approach wealth generation and preservation, noting that they seem generally more willing than older investors to move beyond traditional portfolio models and consider alternative investments.
Lydia commented: “They’re generally distinguished from prior generations by a longer-term approach to investments, a greater tolerance for complexity, and an increasingly sophisticated, values-driven approach to how and where they commit capital”, and expects to see more HNW Millennials diversify their portfolio beyond public equities and bonds and into alternative asset classes.