Tag: Wealth

‘Pathway to wealth’: Topeka incubator program aims to help residents of public housing achieve business ownership – News – The Topeka Capital-Journal

Heather Crowley has always had a passion for food.

Whipping up meals or baking sweet treats offered opportunities growing up for her to bond with her parents. Her dad “could throw anything together,” she said, and her mom loved to bake.

After escaping an abusive relationship that had caused Crowley to lose some of herself and the things she enjoys, food brought her home.

“I was very much in the arts scene and doing all of that stuff. Food gave me an outlet to create masterpieces,” she said. “I found my creative skill. I was able to hone that into baking cakes.”

In 2012, Crowley completed Washburn Tech’s culinary arts program. And in 2014, she began showcasing some of her culinary creations on Facebook.

“But never really saw it as something,” she said. “It was just kind of a hobby.”

That started to change a couple years ago after Crowley

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BNY Mellon Wealth Management names Heidi Simpson-Sandoval as Institutional Senior Client Strategist in Los Angeles, CA

LOS ANGELES, Sept. 22, 2020 /PRNewswire/ — BNY Mellon Wealth Management has appointed Heidi Simpson-Sandoval as Institutional Senior Client Strategist, based in Los Angeles. She reports directly to Los Angeles Regional President, Steve Kutz.

In this role, Heidi will serve West Coast institutional investors  such as endowments, foundations, non-profit institutions, retirement plans, private wealth, and family offices  seeking Outsourced Chief Investment Officer (OCIO) and investment advisory services. Leveraging the BNY Mellon Investor Solutions capability, Heidi will deliver comprehensive financial solutions, including investment management and consulting, asset allocation, manager research and selection, custody, and customized reporting and analytics expertise, to support clients’ investment management objectives and financial goals. 

With over 25 years of experience in the financial services industry, Heidi returns to BNY Mellon after spending four years at Northern Trust as Senior Vice President, Regional Director. There, she was responsible for OCIO sales to non-profit

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Mastercard Pledges $500 Million To Help Close The Racial Wealth Gap

With the Black Lives Matter protests sparking new dialogue about race relations within the United States, more corporations have been forming new initiatives to end long-standing racial discrimination across different sectors. This week, Mastercard has unveiled its new commitment toward the racial wealth gap within the Black community with a $500 million investment over the next five years.

The new fund will go to funding products, services, financial support, and technology to help Black entrepreneurs and residents across the country access affordable resources to help secure capital for different ventures. “We’ve been focused on driving financial inclusion around the world for more than a decade – it’s core to who we are as a company and how we think about our role in society,” said Mike Froman, vice chairman & president, Strategic Growth for Mastercard, in an email interview with BLACK ENTERPRISE.

“However, the racial injustice that has

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North Bend Wealth Management Launches With Support of LPL Strategic Wealth Services

The MarketWatch News Department was not involved in the creation of this content.

CHARLOTTE, N.C., Sep 22, 2020 (GLOBE NEWSWIRE via COMTEX) —
LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisors Marc DeCicco and Tad M. Wilson have launched their independent practice, North Bend Wealth Management, through affiliation with LPL Strategic Wealth Services, LPL’s new affiliation model designed to support the unique needs of experienced advisors moving from wirehouses to independence. The advisors will leverage LPL’s broker-dealer, corporate RIA and custodial platforms, and through their affiliation with LPL Strategic Wealth Services, they will receive ongoing, personalized support from LPL professionals for day-to-day operations as well as long-term business management. The advisors reported having served approximately $225 million in advisory, brokerage and retirement plan assets*. They join from Wells Fargo Advisors.

With a combined 60 years

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The Colony Group Expands Services to Meet Clients’ Needs Beyond Wealth and Business Management | News

BOSTON, Sept. 16, 2020 /PRNewswire/ — The Colony Group, a national wealth and business management company, today announced the launch of Curated by Colony, a bespoke set of services offered through external partnerships designed to address the needs and objectives of clients beyond traditional financial planning and wealth management. The initiative highlights The Colony Group’s continued efforts to bring innovative and valuable services to its clients, at all stages of life. 

Curated by Colony provides a holistic approach to clients’ future planning, offering a robust selection of handpicked services across health and wellness, career development and lifelong learning, cybersecurity, custom travel, and more to help enhance clients’ wellbeing. Through these offerings, The Colony Group’s clients now can have access to an integrated set of life enrichment services and resources in addition to a full array of financial services.

“We have had the privilege of getting to know many of

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Citi nabs Merrill Lynch exec as it ramps up wealth management business

  • Citigroup is creating a new top wealth management role in its US Consumer Bank and hiring Bank of America wealth executive David Poole for the job, Citi said on Tuesday. 
  • The newly formed role and choice to fill it with Poole is a sign Citi is looking to beef up its US wealth management services for Main Street clients.
  • Analysts and other experts pointed to Poole’s digital prowess — he has overseen Merrill Lynch’s online brokerage and its self-directed and hybrid investing options.
  • The bank is going after a coveted demographic, and one that rivals like JPMorgan and Goldman Sachs are going after with growing wealth services, too: the so-called mass-affluent client set. 
  • Visit Business Insider’s homepage for more stories.

Citigroup is doubling down on plans to beef up its US wealth management services, creating a new top wealth role in its US Consumer Bank and hiring a Bank of

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Mastercard invests $500 million to help close the racial wealth gap

  • Mastercard announced Thursday that it will commit $500 million to help close the racial wealth gap in the US.
  • Marla Blow, senior vice president of social impact for Mastercard, said Black Americans have been left behind in the financial system.
  • The median white family had more than 10 times the wealth of the median Black family in 2016, the Fed’s 2017 “Survey of Consumer Finances” found.
  • The company will work with several cities across the country including Atlanta, Birmingham, Dayton, Los Angeles, New Orleans, New York, and St. Louis to expand digital financial products.
  • They will also donate money to people facing evictions, as well as small businesses facing bankruptcy due to the pandemic.
  • Visit Business Insider’s homepage for more stories.

Mastercard is committing $500 million to help close the racial wealth gap and promote financial inclusion among Black people. 

The investment will be dispersed over the next five years

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Mastercard pledges $500M to help close racial wealth gap (NYSE:MA)

Mastercard (NYSE:MA) pledges to invest $500M in Black communities over the next five years.

The commitment includes products, services, technology, and financial support, as well as concentrated investments that will provide Black-owned businesses and Black people access to affordable financial tools and capital.

In collaboration with city leaders, Mastercard is initiating efforts in seven cities, including Atlanta, Birmingham, Dayton, Los Angeles, New Orleans, New York City, and St. Louis. Mastercard will use its range of assets, including partnerships, technology, and data insights, to ensure quick and effective distribution of essential financial support and access to city programs.

Another arm of the initiative works to broaden access of affordable financial tools and services to Black families, with a collection of digital services being offered through African American-owned fintech MoCaFi.

The company will also work to provide capital and resources for Black-owned businesses by expanding its relationships with Community Development Financial Institutions.

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Mastercard Pledges $500 million to Help Close Racial Wealth and Opportunity Gap for Black Communities Across America

The MarketWatch News Department was not involved in the creation of this content.

In its sustained efforts to build a more inclusive global digital economy, Mastercard is investing $500 million in Black communities over the next five years. This commitment includes products, services, technology and financial support, as well as concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital.

“This is a time for action. We have an obligation as a corporate citizen to ensure the digital economy is enabled for all, an obligation to be part of the positive change Black communities so rightly need now,” said Ajay Banga, Chief Executive Officer at Mastercard. “We are starting in cities across the country with on-the-ground efforts meant to drive out inequities and create the opportunities, connections and resources that will spark economic growth for the long term.”

With half

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The Colony Group Expands Services to Meet Clients’ Needs Beyond Wealth and Business Management

BOSTON, Sept. 16, 2020 /PRNewswire/ — The Colony Group, a national wealth and business management company, today announced the launch of Curated by Colony, a bespoke set of services offered through external partnerships designed to address the needs and objectives of clients beyond traditional financial planning and wealth management. The initiative highlights The Colony Group’s continued efforts to bring innovative and valuable services to its clients, at all stages of life. 

Curated by Colony provides a holistic approach to clients’ future planning, offering a robust selection of handpicked services across health and wellness, career development and lifelong learning, cybersecurity, custom travel, and more to help enhance clients’ wellbeing. Through these offerings, The Colony Group’s clients now can have access to an integrated set of life enrichment services and resources in addition to a full array of financial services.

“We have had the privilege of getting to know many of

Read More