By Joy Stephens, JPMorgan Chase Washington D.C. Market Director – Wealth Everyone has their own personal relationship with money. The how, what and why to investing varies from person to person. J.P. Morgan Wealth Management recently published its Diverse Investor Study to understand these different preferences and, ultimately, help better serve the needs of all …
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LPL Recognized for Excellence in Technology Innovations and Diversity Initiatives Read More »
Catering to the needs and demands of Black consumers could pay off–to be precise a colossal $225 billion in new revenue–for the nation’s financial services industry. The figure represents the cumulative spending expected to come from Black Americans between 2022 and 2030. The disclosure was retrieved from Investing in–and with–Black consumers in financial services, a …
A new poll finds white adults are more than twice as likely as others to get sizable financial help from parents or other elders. It helps explain America’s persistent racial wealth gap. JUANA SUMMERS, HOST: White adults are over twice as likely as others to get sizable financial help from parents. That is one finding …
White adults receive the most financial help from older relatives, poll shows Read More »
Haven Life, the customer-centric life insurance agency backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), and Kinly are announcing a new partnership to make term life insurance more accessible to Black Americans. Through this partnership, Haven Term and Haven Simple term life insurance products will be available on the Kinly mobile application …
What You Need to Know PGIM, an arm of Prudential, has hired Tim Woods to launch an HBCU Strategic Initiatives unit. The PGIM unit will help set up student-run investment funds at HBCUs. The programs and other personal finance education efforts aimed at college students could convince Gen Z consumers that saving and investing are …
Having a financial advisor is an important step. Educating yourself about the stock market and retirement plans is also critical. But your work is not quite done with either of these things. “One of the best ways for Black women to actively build wealth is to start understanding all of the ways that you can …
How Black Women Can Overcome Barriers to Building Wealth Read More »
