10.23.24

Industry Leaders Launch Initiative Looking To Pay It Forward

by: Alec Rich

A group of more than a dozen wealth management firms launched the Net Positive Consortium is an effort to compel registered investment advisors across the industry to abide by a common set of guiding principles ranging from firms’ hiring efforts to the treatment of employees to charitable giving. Collectively, the founding members of the consortium manage over $200 billion in client assets and include Mariner Wealth Advisors, Wealthspire, Perigon Wealth Management, Modera, Colony Group, Crestwood Advisors, Buckingham Strategic Partners and Brighton Jones. The consortium is rooted in "five key pillars," including initiatives centered around workforce, community, the environment, clients and industry. Specific initiatives that might fall into those pillars include employee career development programs, prioritizing diversity and inclusion committees, promoting financial literacy, sustainability efforts, knowledge-sharing in the industry, creating associate resource groups and charitable giving.

Read the full article on Citywire