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Stratos-Affiliated First Genesis of Virginia President and CEO Kenneth Royster Recognized for Commitment to Black Community Empowerment and Development of Intergenerational Wealth by Virginia Business Magazine
Stratos Wealth Holdings (Stratos), a family of wealth management firms on a mission to support the development of growth-minded financial advisors across the country, congratulates Kenneth Royster, president, CEO and wealth advisor with First Genesis of Virginia on being one of the 12 Black business leaders featured in Virginia Business Magazine’s special edition on the African American business

Justin McCurdy Educates Athletes on Financial Literacy
“Being Black myself, growing up not necessarily having a ton of financial literacy conversations at the dinner table, I feel it’s important to give that knowledge to clients that look like myself,” he said. McCurdy is an executive director at Manhattan West LLC, an independent minority-owned RIA based in Los Angeles, where he provides tailored wealth management services to

Lincoln Financial Network Strengthens Commitment to Diversity and Inclusion with New Head of Multicultural Markets
PHILADELPHIA–(BUSINESS WIRE)–Lincoln Financial Network (LFN), the retail wealth management affiliate of Lincoln Financial Group (NYSE:LNC), today announced the appointment of Samantha (Sam) Hunter as Head of Multicultural Markets. In this role, Hunter will focus her efforts on developing and promoting long-term and sustainable programs that help to advance racial equity and inclusion across Lincoln’s distribution

Frank Paré talks diversity, institutional change and those sensitivity training videos
The financial planning industry is overwhelmingly white (and male). Only 1.8% of just over 92,000 certified financial planners identify as Black or African-American, according to data from the CFP Board, the nonprofit group that sets the standards for the CFP credential, the gold standard of individual planner designations. Among those 1,652 professionals, Frank Paré, 58, is widely

How These 2 Black Advisors Are Working to Change the ‘Complexion of Wealth’
Enter “wealth management” and “racial diversity” into a search engine and you’ll see several stories about how efforts to increase representation are falling short of goals. You’ll also see stories about firms launching initiatives and promising “to do better.” This narrative is hardly new. What is new is that financial advisors Dasarte Yarnway and Emlen

Evolution Advisors’ Dr. Nunery Presents DEI Findings on Capitol Hill
Today, Dr. Leroy Nunery II, President of Acrisure joint venture Evolution Advisors, presented research to senior staff members for the House Financial Services Committee. The findings were prepared for the American Property Casualty Insurance Association’s (APCIA) inaugural DEI Catalog, which analyzed property casualty insurers’ commitment to diversity, equity, and inclusion in the workforce, on boards,

BLACK AMERICANS ARE LOSING OUT ON A $68 TRILLION WEALTH TRANSFER, ESTATE PLANNING CAN CHANGE THAT
Black Americans are missing out on a $68 trillion wealth transfer due to a significant lack of estate planning and financial literacy. According to Finurah, an analysis of high and ultra-high net worth markets conducted by the consulting group Cerulli Associates, shows by 2047, trillions of dollars will be passed down to younger generations. However, due to the

Goldman Sachs One Million Black Women Announces Black Women Impact Grants Program to Fund Black Women-Led Nonprofits
One Million Black Women launches Black Women Impact Grants to support Black women-led nonprofit organizations Applications for the grants program are open; selected non-profits will receive general operating funding ranging from $50,000-$250,000 over two years Program development and launch is in direct response to feedback from Black women leaders through more than 50 One Million Black Women listening sessions with

UNCF And J.P. Morgan Expand HBCU Scholarship Program
Black people make up 2% of the certified financial planner sector. You saw that right–2%. This is especially troubling since the pervasive racial wealth gap is growing between Black and non-Black groups and it has been reported that representation in money management industries lead to impactful financial decisions later down the line. In answer to this, UNCF (United Negro

Wealth Building for Business Owners of Color: A Whole-Person Approach
This article is the sixth article in our series—The Promise of Targeted Universalism: Community Leaders Respond—that NPQ is publishing in partnership with the national racial and economic justice nonprofit Prosperity Now. In this series, writers will examine how targeted universalism—a narrative framework that advocates the use of targeted approaches to achieve universal goals—can inform efforts to close the racial wealth
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