Category: Editors Choice

Editors Choice

As Insurance Industry Increases Minority Hiring, Exit Rate Also Increases

Source: https://insurancenewsnet.com/innarticle/as-insurance-industry-increases-minority-hiring-exit-rate-also-increases Efforts by the insurance industry to increase representation of Black and other minorities within its ranks have taken on characteristics of the Voynich manuscript, a mysterious unbreakable code. One the one hand, the hiring rate of Black employees in the insurance business is double that of other employee groups. But at the same

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Editors Choice

OneAmerica Commits $1 Million Toward Financial Literacy

Source: https://insurancenewsnet.com/press-releases/oneamerica-commits-1-million-toward-financial-literacy Educational program launches to empower Central Indiana youth & adults with financial knowledge INDIANAPOLIS ─ (May 16, 2022) ─ OneAmerica® today announced a $1 million commitment to activate a uniquely tailored financial literacy program in Central Indiana. In collaboration with The American College of Financial Services, the program will offer practical financial understanding to build

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Editors Choice

Insurance industry’s diversity scores show modest improvements

Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/insurance-industry-s-diversity-scores-show-modest-improvements-70267950 U.S. insurance companies are making strides toward the goal of becoming more diverse, aided by a growing conviction that such steps can help boost company performance. In addition to posting a year-over-year increase in its S&P Global gender diversity score, the insurance industry’s workforce also became more racially diverse in 2021, according to

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Editors Choice

Raymond James Ramps Up Diversity Efforts After Pandemic Lull

aymond James Financial continues to be committed to improving diversity at the company and the financial services industry overall despite recent challenges that included the COVID-19 pandemic somewhat stalling its mentorship efforts, according to Paul Reilly, the firm’s CEO. The firm started recruiting people of color, women and other potential candidates for the Raymond James

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Editors Choice

Black business leaders: How to build wealth and career success

In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to Black youth, their sources of inspiration and how they are working to close the racial wealth gap. As protests swept through the nation

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Editors Choice

8 issues independent wealth managers are watching closely in 2022

Independent wealth managers and financial advisors have many important political issues and business challenges to keep tabs on in 2022. That was the key takeaway at last week’s annual OneVoice conference held by the Financial Services Institute, a trade and advocacy group representing 90 independent wealth managers and more than 30,000 financial advisors. During the

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Editors Choice

CIBC’s loan program for Black entrepreneurs launched

CIBC has launched a $15-million business loan program for Black entrepreneurs, joining other banks in offering a specific program for the demographic. The Black Entrepreneurship Program (BEP) offers loans of between $5,000 to $250,000 to Black business owners, and is supported by a team of 39 specialists. David Leuty, senior vice-president of business banking with CIBC, said

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Editors Choice

Bridging the Wealth Divide Begins With Connection to Black Clients

The wealth gap in the U.S. between Black households and white households remains a stark divide, with the Federal Reserve Board of Governors finding in 2019 that the median white household’s wealth was greater than $188,000, while the median for Black families was $24,000. This data is indicative of a systemic struggle for Black Americans,

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Editors Choice

Giving Gap, in the spirit of Reginald F. Lewis, aims to improve philanthropy for Black nonprofits

 “The work that we’re doing, and its connection to his legacy, is ensuring that the power belongs with Black communities and Black-founded nonprofits,” said Aisha Alexander-Young, CEO of Giving Gap. Reginald F. Lewis became the first Black American to build a billion-dollar company and rose to prominence with his autobiography, Why Should White Guys Have All the

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Editors Choice

4 Black Philanthropists Dedicated to Reclaiming Ownership and Giving Back to the Community

Ivy Mcgregor, Rich Paul, Trae Da Truth, and Mai Lassiter have dedicated their lives and their careers to paving the way in industries that have historically excluded Black people by effecting meaningful change and redistributing the weight of the power scales. Despite America’s large racial wealth gap, 2022 is witnessing a rise Black philanthropy. According to the Federal

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