Category: Editors Choice

Editors Choice

New J.P. Morgan Study Highlights the Investing Preferences of Black and Hispanic Americans

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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Editors Choice

LPL Recognized for Excellence in Technology Innovations and Diversity Initiatives

S&P 500 3,637.89 -81.15(-2.18%)   Dow 30 29,202.77 -480.97(-1.62%)   Nasdaq 10,718.29 -333.34(-3.02%)   Russell 2000 1,669.48 -45.76(-2.67%)   Crude Oil 82.55 +0.40(+0.49%)   Gold 1,666.30 -3.70(-0.22%)   Silver 18.73 -0.15(-0.82%)   EUR/USD 0.9778 +0.0039(+0.40%)   10-Yr Bond 3.7570 +0.0520(+1.40%)   GBP/USD 1.1043 +0.0157(+1.45%)   USD/JPY 144.5460 +0.4240(+0.29%)   BTC-USD 19,278.91 -163.90(-0.84%)   CMC Crypto

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Editors Choice

Study Shows Financial Services Industry Could Gain $225 Billion by Catering to Black Consumers

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

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Local entrepreneurs help HBCU students learn more about insurance

Helping these students earn their insurance licenses is one way to help close the racial wage gap, Ngozi Nnaji said. ST. PETERSBURG, Fla. — August is National Black Business Month. It is an opportunity to highlight and support Black-owned businesses. 10 Tampa Bay had A Frank Conversation with a team of ladies who are entrepreneurs.

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

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

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

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

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Black Financial Professionals Advocate Equity, Trust and Wealth

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

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Wealth Management Industry – Why Focusing On Black Clients Matters

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

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