Meghan Markle and Prince Harry are joining fintech asset manager Ethic, DealBook first reported.
Harry and Meghan are becoming “impact partners” and investors at fintech asset manager Ethic.
The couple told DealBook they hoped it would encourage younger people to invest in sustainable firms.
Ethic, which was founded in 2015, has $1.3 billion under management, per DealBook.
Prince Harry and Meghan Markle are joining the world of fintech, The New York Times’ DealBook first reported Tuesday.
The couple are becoming “impact partners” and investors at fintech asset manager Ethic, which has $1.3 billion under management in the environmental, social, and governance (ESG) space, per DealBook.
The couple was introduced to Ethic, which was founded in 2015, by friends, Meghan told DealBook in a joint interview with Harry. They became investors in the asset manager earlier this year, and also have investments managed by Ethic, the company said in a press release.
“From the world I come from, you don’t talk about investing, right?” Meghan told DealBook. “You don’t have the luxury to invest. That sounds so fancy.
“My husband has been saying for years, ‘Gosh, don’t you wish there was a place where if your values were aligned like this, you could put your money to that same sort of thing?'” Meghan told DealBook.
Harry and Meghan said they hoped the move would help democratize investing and encourage younger people to choose to invest in sustainable companies.
Harry told DealBook that young people are already “voting with their dollars and their pounds, you know, all over the world when it comes to brands they select and choose from.” He suggested that it was natural to do the same with investments.
Meghan and Harry have been building a business empire after stepping down from royal duties and moving to the US. Harry took a job as a Silicon Valley exec. They’ve also signed deals with Spotify and Netflix.