This article is based on our research process for our US multi family office list. The list includes the most important United States multi family offices, which manage the fortune of the wealthiest families in the country. For every multi family office, we offer detailed contact details and focus information.
A key advantage of multi-family offices is the ability to build a diversified portfolio which allows clients to include impact investments that can harness a positive impact on society or the environment. This article includes three US multi-family offices which have a keen focus on impact investments. All of the multi-family offices that are discussed can be found on our list of the largest US multi-family offices, which is linked above.
1. Glenmede (Philadelphia, Pennsylvania)
Glenmede can offer over 65 years of experience providing innovative solutions and high-quality investment and wealth management to its high-net-worth clients. The Pennsylvania-based firm was founded upon three core principles: agility, excellence with integrity, and stewardship. Glenmede adopts a personal approach and maintains an impressive 5:1 client-to-employee ratio. Currently, the group has over $40.5bn of assets under management. As part of its wealth management services, Glenmede has a clear focus on playing a role in sustainability through impact investments. The firm’s in-house analytics team examine environmental, social, and governance (ESG) data to help diversify clients’ portfolio, mitigate risk, and target specific environmental/social outcomes. In 2021, the group launched the Glenmede Recycling, Efficiency & Environmental Network to reduce the firm’s footprint.
2. Tiedemann Advisors (Wilmington, Delaware)
Founded by Carl and Michael Tiedemann alongside friend Craig Smith to provide financial services to ultra-high-net-worth families in ways the typical investment firms fell short. The Delaware firm is amongst the largest independent registered investment advisors in the country. Its services include wealth planning, investment management, impact investing, governance & education, and trust & estate. To date, Tiedemann has committed over $3.1 to impact investments across all asset classes. Tiedemann’s focus on impact investment mainly falls on two broad themes: environmental sustainability and socio-economic development. This approach allows the group to highlight the importance of reducing global reliance on fossil fuels as well as investing in market-based solutions to improve housing and education. Tiedemann describes their impact investment strategies which are as follows: values-aligned (promoting corporate social responsibility), ESG, private thematic and catalytic impact strategies.
3. ICONiQ Capital (San Francisco, California)
ICONiQ Capital is an appropriately named multi-family office based in California which provides financial services to some of the most iconic tech entrepreneurs of recent years. Its client list includes the founder of Meta Platforms Mark Zuckerburg and the founder of Twitter Jack Dorsey as well as Blake Lively and Satya Nadella. To date, the group manages over $80bn of assets. The California-based firm operates in four main areas: investment management, real assets, growth, and impact. Powered by some of the most influential tech entrepreneurs, the firm aims to tackle some of the most urgent global challenges with the goal of creating a fairer and more equitable world. Some of its collaborative initiatives include a $50m climate equity philanthropic fund which supports organizations and individuals at the heart of tackling climate change, gender equity, and poverty. Other philanthropic funds include a $50m ocean fund and a $50m education & economic mobility fund. Since 2019, ICONiQ has advised on almost half a billion in philanthropic capital and has since launched a $24m Larsen Lam ICONiQ impact grant supporting the lives of refugees across the globe.
Image Source: Olivia Colacicco (24.03.2023)