Joe Crome, CAP®’s Post

Boosting the number of contributors to a child's investment account makes their financial future look more promising. The community wants them to succeed, so why not invite them to give impactful gifts that will one day empower your child? Read more about the potential of collective contributions https://bit.ly/42c8VDb #DuckyBank #InvestInTheirFutureFinancialEmpowerment #ChildInvestmentAcocunts #CommunitySupport

In the midst of continued and concerted #backlash to #racialprogress, it feels difficult to think beyond our current conditions to create the enabling conditions for a world where all people can thrive. But, it’s necessary, now more than ever, to make space for imagining what is possible by examining the concepts that keep the status quo of concentrated wealth and power in place. Reframing the concept of #fiduciaryduty is just one of these examples of how to challenge underlying arguments that are cutting off capital to the communities and organizations that need them most. I hope this reframe offers space for us think differently about our responsibilities to each other in ensuring that we all have the resources to thrive. I want to recognize Agnetha Jaime Gloshay, Jennifer Swayne Njuguna, Esq. SHRM-SCP, Jess Yupanqui Feingold, Ryan Glasgo,Victoria Monteiro, Donovan Ervin, Marjorie Kelly, Lisa Nutter, Leslie Christian, CFA, and Steve Dubb for your thought partnership (in small and big ways) to help bring this piece from musings and frustrations over the past few years to something productive. Article: https://lnkd.in/eEEe4PDu #impactinvesting #fiduciaryresponsibility #fiduciaryduty #systemschange #communityinvestment #philanthropy #economicdevelopment

Recommended read: Fiduciary duty comes up in nearly every asset owner space that I'm in, from large institutional investors and their trustees, to investment managers and consultants. If you're in this space (new or a veteran of it), thinking deeply about FD is so valuable. Kudos to my friend and former colleague Sandhya Nakhasi for adding a sharp and creative perspective to the conversation.

Yes - this from Marjorie Kelly "We need to make the clear case that financial returns do not fall from the sky, pristine and unblemished. They far too often come through extracting from workers, debtors, communities, the environment. Redefining fiduciary duty beyond obligation to wealth holders is critical. And this one technical solution is best understood as part of a broad rethink: who is an economy for? " Who is an economy for? WHAT is an economy for? Is it there to aid flows of value (aka power) in wholistic circles? Or does it exist to extract value and flood it up to the very, very top of a steep-sided pyramid. For sure, it can't be both.

💫 Reposting this excellent article, which with its interrogation of fiduciary duty does exactly the kind of daylighting and reimagining of the hidden wiring of the wealth defense industry that is so urgently needed. There's a kernel of people gathering around the needed for hacks at https://hackingwealth.xyz/, for anyone who's already engaged in, or interested in, creating the hacks we need to put wealth in service of people and planet.

I love this piece, Sandhya. I am particularly struck by how you often say to investors, “You can’t build wealth for Black, Indigenous, and other communities of color by continuing to extract wealth from these same communities that have faced multigenerational exclusion and extraction from our financial systems.” And then you are met with blank stares. We need to make the clear case that financial returns do not fall from the sky, pristine and unblemished. They far too often come through extracting from workers, debtors, communities, the environment. Redefining fiduciary duty beyond obligation to wealth holders is critical. And this one technical solution is best understood as part of a broad rethink: who is an economy for? https://lnkd.in/gb9pHkDT When financial assets are 5 times GDP, their relentless, single-minded focus on maximum returns is no longer a private matter. It is a form of bias toward wealth that harms the rest of us. Thank you for speaking out, Sandhya. We need more voices like yours. Find fodder for argument in Wealth Supremacy: https://lnkd.in/gWN45S8w

What a wonderful initiative! It's heartening to see Michael Joseph, CFA, dedicating his time and expertise to the Invest in Girls program. The support and sponsorship from SAM truly reflect a commitment to nurturing the next generation of women in finance. By fostering financial literacy, you're not just empowering individuals, but you're also contributing to the broader goal of economic equality. On that note, what kind of feedback or insights have the participants shared about their experiences with the program? How do you see these young women applying what they've learned in their future endeavors? #InvestInGirls #ACEE #FinancialEmpowerment #WealthManagement

What does Generational Wealth mean to you? ⇒ providing a foundation of financial stability and security for future generations? ⇒ preserving family traditions, values, and culture? ⇒ leaving a lasting impact on your community through philanthropy? Generational wealth can play a vital role in promoting financial resilience, creating opportunities for advancement, preserving family legacies, and fostering prosperity. Its importance extends beyond financial considerations to encompass broader social, cultural, and personal dimensions that contribute to the well-being and resilience of families and communities over time. Let’s talk to ensure your financial plan reflects the future you want to realize. We can recommend tailored strategies to optimize your wealth accumulation and preservation over time while minimizing tax burdens. #GenerationalWealth #FamilyLegacy #WealthPreservation #Philanthropy #FinancialPlanning #FinancialAdvisor #FinancialFreedom

Facing financial challenges in today's economy? Our latest blog offers practical strategies for nonprofits to manage budgets effectively amid inflation and funding shifts. Gain insights on adapting your financial approach to ensure your organization continues to thrive. Read the full article for actionable tips and reach out to explore how CSR can support your goals: #NonprofitManagement #EconomicTrends #FinancialStrategy

To create new systems, we must first challenge, reconsider, and redefine our current extractive systems. Sandhya Nakhasi, co-CEO here at Common Future explores what it might take to create a "reoriented framework that centers humanity" by exploring finance, and the role fiduciaries have for the communities we center. https://lnkd.in/eW2s3Dc4