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UBS Helped Raise One of The Industry's Largest Impact Investment Funds

UBS raises the largest impact investing fund with a gender lens overlay, Americans expect advisors to help them with guaranteed lifetime income, and Americans feel behind on saving for retirement.

UBS Wealth Management Americas partnered with ReThink Impact, a venture capital fund, to raise the industry's largest impact investment fund with a gender lens overlay. The fund raised more than $110 million, and more than half of the money came from UBS clients, including high-net-worth individuals, family offices, private foundations and universities, according to a statement from the company. The fund is focused on gender and companies led by women, and aimed at making a "positive social or environmental impact as well as a competitive return."

Most Americans Think Advisors Should Present Them Lifetime Income Solutions

Most Americans place a "high value" on having guaranteed income until death after they retire and expect advisors to present products that deliver that. A study by market research firm Greenwald & Associates and retirement account comparison company CANNEX showed 61 percent of Americans 55-77 years old, with at least $100,000 of investable assets, believe a retirement product that offers such benefits, like annuities, were highly valuable. The survey of more than 1,100 people also showed that six in 10 participants believed it was the responsibility of a financial advisor to present those types of products to them.

Half of Working Investors Say They're Not Saving

More than half of Americans feel behind on target saving goals and think they won't be able to retire on time, says an Investopedia survey, which includes responses from 700 employed investors. "These concerns coming from investors will only be magnified when looking at the general population," said David Siegel, CEO of Investopedia, in a press release. Of those surveyed who feel behind on saving, 78 percent contribute to an employee-sponsored plan, while 82 percent of those who feel ahead contribute to an IRA, suggesting that "saving through a 401(k) or 403(b) is not enough to stay on track." The survey also found that 18 percent of employed investors work with a financial advisor.

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