Day: August 18, 2022

With complex questions about how wealth managers can boost Black representation among financial advisors and executives, Raymond James may have at least one answer. That’s because Philadelphia area complex manager Tony Barrett and Maryland financial advisor Kaon Nelson created the firm’s Black Financial Advisors Network in 2013 with the support of CEO Paul Reilly and …

Raymond James’ Black advisors network confronts the industry’s representation problem Read More »

WASHINGTON, Aug. 9, 2022 /PRNewswire/ — CFP Board Center for Financial Planning (“Center”) announced today the creation of its first endowed scholarship program honoring the first Black CFP(R) professional, LeCount R. Davis, CFP(R). Created to support the next generation of diverse CFP(R) professionals, the LeCount R. Davis, CFP(R) Scholarship program will assist qualified Black or …

CFP Board Center for Financial Planning Announces First Endowed Scholarship Honoring First Black CFP(R) Professional, LeCount R. Davis, CFP(R) Read More »

Trust. Education. Eliminate fear. Build wealth. These count as some of the main words used at the 16th annual Conference of African American Financial Professionals at the Omni Shoreham Hotel in Northwest. This year’s conference, the first time in person since the coronavirus pandemic affected the nation in 2020, attracted its biggest attendance ever with …

Black Financial Professionals Advocate Equity, Trust and Wealth Read More »

This story was updated on August 13, 2022 to correct the number of Black CFP professionals. Wealth management as an industry has recently made great strides to reach a more diverse set of clients. Demographics are shifting. We’ve come to realize that the traditional cookie cutter service models geared towards older, white men, do not …

Wealth Management Industry – Why Focusing On Black Clients Matters Read More »

Enlarge this image A new poll finds white adults are more than twice as likely as others to get sizable financial help from parents or grandparents. By contrast, Black adults are more likely to give money to elders. Tracy J. Lee for NPR Tracy J. Lee for NPR Angela Chevaux and her husband have made …

Here’s one reason why America’s racial wealth gap persists across generations Read More »