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Resources for Financial Advisors on Systemic Racism, White Privilege in America

WealthManagement.com created this list of industry-related resources to help financial professionals understand systemic racism and white privilege. It is not exhaustive. Some of the organizations listed take donations.

Wall Street Bound: An education and training nonprofit organization founded by Troy Prince. The organization’s mission is to create a pathway for talented urban youth to access and build successful careers in trading, investing and financial services. Visit wallstreetbound.org for more information. 

The Racial Justice Investing Coalition: A coalition of investors, asset owners and business leaders who are taking action for racial justice within their own organizations, as well as in engagements with portfolio companies. Investments range from small private investments to public equities, shareholder advocacy and divestment campaigns. The group recently issued a statement saying they stand in solidarity with protesters and call for the dismantling of systemic racism. It issued five calls to action, including a commitment to amplify Black voices in investor spaces, embed a racial equity and justice lens into their own organizations, integrate racial justice into investment decisions, reinvest in community-driven alternatives to policing and safety, and use investor voice to advance anti-racist public policy. Visit www.racialjusticeinvesting.org for more information. 

Walter Booker’s LinkedIn: A series of pieces written by MarketCounsel’s chief operating officer detailing his experiences as a Black man in modern America. Booker believes his experience is representative, and he shares it to educate, elevate and engage more people of goodwill in the fight for equality and justice for all in our society. Booker’s writing is honest and refreshing, and worth your time. He’s also on the board of directors of the AAAA Foundation, a 501(c)(3) organization whose goal is to cultivate the next generation of African American financial planners. Go to www.linkedin.com/in/walterkbooker for more information. 

Eugenie George's Money and Flow podcastThe “Money and Flow” Podcast: A podcast focused on wellness and money for women and women of color. It’s hosted by Eugenie George, a financial wellness facilitator, author and speaker in Philadelphia, who specializes in diversity and inclusion. Listen in at eugeniegeorge.com/podcast.

Minority Money podcastThe “Minority Money” Podcast: A podcast about finance, family, fitness/health, education and how all of these affect one’s overall wealth. Financial planner Emlen Miles-Mattingly hosts this one, and he takes an honest look at wealth issues facing minorities and people of color—more specifically, drawing on his personal experiences. If you listen to only a few, we recommend a recent three-part series called “We Need To Talk,” where he discussed major current events with other experts, as well as possible solutions to address these issues. Go to www.minoritymoneypodcast.com.

2050 Trailblazers PodcastThe “2050 TrailBlazers” Podcast: A podcast that directly addresses the lack of diversity in the financial services profession. Hosted by Rianka R. Dorsainvil, a CFP, co-founder and co-CEO of 2050 Wealth Partners, the podcast brings on guests and industry leaders to discuss solutions for creating a more inclusive financial services community. The premise is based on a study that found that by the year 2050, the majority of the U.S. population will be made up of minorities, yet the financial services profession is far from reflecting the country’s diversity. Listen in at www.2050trailblazers.com.

Tyrone Ross Interviews Lazetta Braxton on “Grow” by Altruist: A YouTube discussion on how to help black advisors flourish in the financial space and what the industry can do to help support this change. “Grow” by Altruist is a new show hosted by Ross, dedicated to bringing growth advice to advisors by advisors. 

“Using Critical Race Theory to Solve Our Profession’s Critical Race Issues”: A thought leadership piece published in the May 2018 Journal of Financial Planning. The piece is written by Kathleen Boyd, a CFP, wealth advisor, and diversity and inclusion activist. 

Sonya Dreizler’s blog: A blog tackling ESG, SRI and impact investing practice management tips, news and interviews with industry leaders. Dreizler, an industry consultant, speaker, author and subject matter expert on impact investing, writes a lot about racism in financial planning and white privilege. She also provides great resources to help advisors educate themselves on the issues. Read more at https://www.solutionswithsonya.com/news.

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