Advisors take notice: Ultra-high-net-worth millennials are already engaged in their family finances.

More surprisingly, the generation comprised of those born between 1980 and 1995 also making many of the decisions concerning family wealth, according to “Proving Worth,” a study conducted by OppenheimerFunds and Campden Research that was released on Wednesday.

According to the study, 59 percent of the 32 ultra-high-net-worth millennials surveyed in September and October sit on a committee or board that manages their family’s wealth, but only 18 percent make strategic wealth management decisions. Instead, millennials are more likely to make decisions on impact investing, 31 percent, and philanthropy, 29 percent.

Those interviewed came from families with at least $35 million.

“There is a need and willingness on the part of millennials to engage with financial advice,” says Ned Dane, the head of the Private Client Group at Oppenheimer Funds. “They want advisors to bring them ideas that are highly aligned to the impact issues they’re trying to focus on. There is an interest in philanthropy, but millennials also perceive that they lack knowledge of concepts like impact and socially responsible investing. That’s where the opportunity lies for advisors.”

Dane, who co-authored the study, said that families may be putting philanthropy into the hands of younger generations because that’s where their interest lies. Almost all of the studies respondents, 96 percent, said they were interested in philanthropy, and 69 percent expressed an interest in socially responsible investing.

“Families are giving the millennials a voice at the table, but in most cases they’re not at the head chair,” Dane says. “It seems that those families have recognized that philanthropy and impact investing is a specific talent for this generation and in many cases they’ve given the keys to the car to the millennial.”

Dane’s study found that human rights causes dominate ultra-high-net-worth millennial philanthropic interests. The sectors of impact investing most relevant to respondents were education, water resources, the environment, gender equality and economic justice.

“They were less interested in anything around the feel-good aspects of philanthropy,” Dane says. “For millennials, philanthropy is about a higher purpose."

Millennials also tend to be results-driven, even with their philanthropic investments, says Dane. The study showed that young wealth is most concerned with accountability, long-term returns, sustainability and measurability of success.

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