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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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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
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.
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
White adults receive the most financial help from older relatives, poll shows
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
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
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
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
Here’s one reason why America’s racial wealth gap persists across generations
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