Category: Editors Choice

Editors Choice

HERMONEY PODCAST EPISODE 308: THE CHANGE BLACK WOMEN NEED NOW 

It’s hard to believe we are already in March, which is Women’s History Month, and this coming week, on March 8th, we’ll be celebrating International Women’s Day. This month and day are always important for our team at HerMoney, but this year, they’re just hitting a little differently.  We know that in 2020 alone, women

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Editors Choice

Black-Owned Investment Firm Celebrates 7 Years in Business

NEW ORLEANS – Black-owned financial services firm JECohen & Co., which is celebrating its seventh anniversary this year, has been steadily diversifying its wealth management offerings.  In 2018, JECohen Realty acquired 714 Canal Street in New Orleans. In 2021, the firm purchased 263 Third Street along with four other properties in Baton Rouge. After leading

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Editors Choice

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

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Editors Choice

Black History Month: Creative innovators continue addressing the racial wealth gap, despite lag in disbursement of corporate pledges

In honor of February being Black History Month, we look at some of the successes and the challenges faced by Black-owned businesses, firms, and support groups In the Summer of 2020, the 50 largest U.S. public companies pledged $49.5 billion to address systemic racism. However, according to news reports this effort has fallen short. Based on data

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Editors Choice

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

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Editors Choice

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

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Editors Choice

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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Editors Choice

JPMorgan Expands Partnership with United Negro College Fund

The United Negro College Fund says it has expanded a scholarship program it runs with JPMorgan Wealth Management for Black students studying any major to help them start a career as a financial advisor. Launched in 2021, the program has added six more Historically Black Colleges and Universities, for a total of 17, whose students are eligible for up to

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Experts Share Tips on Overcoming Generational Wealth Disparity

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. You’ve probably heard about the wealth gap and generational wealth, but here’s a number for you: There’s a $200

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JPMorgan Expands Partnership with United Negro College Fund

The United Negro College Fund says it has expanded a scholarship program it runs with JPMorgan Wealth Management for Black students studying any major to help them start a career as a financial advisor. Launched in 2021, the program has added six more Historically Black Colleges and Universities, for a total of 17, whose students are eligible for up to

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