Making a Difference
We’ve noticed a shift among our clients in recent years: more individuals and families are showing a deeper interest in finding ways to impact their communities and the world. There are many ways to make a meaningful difference, and here we will highlight three: volunteering, impact travel and investing with a purpose.
1. Volunteering
There’s no shortage of opportunities to volunteer in your community, so it’s really your choice as to which causes you want to support and how you choose to help them. You can donate your time, expertise, labor and efforts to raise awareness and help fulfill an organization’s greatest needs. If there’s already a specific cause or organization you’re passionate about, consider giving them a call or looking online to sign up as a volunteer. If you aren’t sure where you’d like to volunteer but know you want to get involved, there are tools online, such as VolunteerMatch.org, to help pair opportunities with volunteers.
2. Impact travel
For many of us, travel provides a way to escape from our stressful lives and experience different cultures and places. Impact travel allows us to continue to do this while positively impacting the places we visit. Booking your stays at socially and/or environmentally conscious lodging, supporting local businesses while traveling and participating in eco-activities such as hiking, safaris and visits to animal sanctuaries are all ways to travel while making an impact.
Other options are intentionally traveling at off-peak times to avoid the effects of over-tourism and visiting smaller, less-traveled destinations where the local community can really benefit from increased employment opportunities and an infusion of tourist spending to support the region’s economy. Lastly, participating in “voluntourism” is another way to impact travel. Voluntourism allows travelers to participate in volunteer work, usually for a charitable organization. You should thoroughly vet each charity you’re considering and partner only with reputable organizations for voluntourism to ensure your efforts positively impact the community.
3. Investing with a purpose
Investing your money in a way that aligns with your values has become increasingly popular. You can accomplish this through various strategies, such as excluding specific companies or sectors from a portfolio or intentionally tilting a portfolio toward those that align with your values. There are also impact projects with investment opportunities that have very specific goals, such as promoting renewable energy or access to clean water. Another option to invest with a purpose is shareholder advocacy, where shareholders vote on resolutions that guide decisions made by a company’s board of directors. Let your voice be heard, and make your opinions count.
For many, a full and rewarding life involves finding ways to give back and positively impact the world. The opportunities to impact our communities and the world are vast. We believe there is something for everyone, regardless of age, skill set, ability or schedule. Please reach out to your Corient team if you’d like to brainstorm or explore any of these options or if you have any other ideas in mind for making a difference. We’re always committed to helping you reach your goals, financial and otherwise.
ABOUT THE AUTHOR
Leslie Girote, CFP
Leslie is a Wealth Advisor in our Itasca, IL office. She joined legacy firm BDF in 2016, combining her love of helping people with her passion for problem-solving to provide comprehensive solutions for clients’ ever-evolving lives. She helps guides clients in making sound financial decisions that help them reach their goals and live a fulfilling lives. In addition to her advisory role, Leslie is passionate about assisting individuals navigating the tumultuous divorce process. Her goal is to educate and instill confidence in clients as they work through their divorce and enter the next chapter of their lives. Leslie is a CERTIFIED FINANCIAL PLANNER™ professional . She graduated from the University of Illinois, earning a Bachelor of Science in Agriculture and Consumer Economics with a concentration in Financial Planning. Beyond client advising, Leslie enjoys focusing on mentorship and training, particularly within Corient’s internship program.
CONTENT DISCLOSURE
This information is for educational purposes and is not intended to provide, and should not be relied upon for, accounting, legal, tax, insurance, or investment advice. This does not constitute an offer to provide any services, nor a solicitation to purchase securities. The contents are not intended to be advice tailored to any particular person or situation. We believe the information provided is accurate and reliable, but do not warrant it as to completeness or accuracy. This information may include opinions or forecasts, including investment strategies and economic and market conditions; however, there is no guarantee that such opinions or forecasts will prove to be correct, and they also may change without notice. We encourage you to speak with a qualified professional regarding your scenario and the then-current applicable laws and rules.
Advisory services are offered through Corient Private Wealth LLC and its affiliates, each being a registered investment adviser (“RIA”) regulated by the U.S. Securities and Exchange Commission (“SEC”). The advisory services are only offered in jurisdictions where the RIA is appropriately registered. The use of the term “registered” does not imply any particular level of skill or training and does not imply any approval by the SEC. For a complete discussion of the scope of advisory services offered, fees, and other disclosures, please review the RIA’s Disclosure Brochure (Form ADV Part 2A) and Form CRS, available upon request from the RIA and online at https://adviserinfo.sec.gov/. We also encourage you to review the RIA’s Privacy Policy and Code of Ethics, which are available upon request.
Our clients must, in writing, advise us of personal, financial, or investment objective changes and any restrictions desired on our services so that we may re-evaluate any previous recommendations and adjust our advisory services as needed. For current clients, please advise us immediately if you are not receiving monthly account statements from your custodian. We encourage you to compare your custodial statements to any information we provide to you.
