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US-Based Community Investing through Black/Women Owned financial institutions and Community Development Financial Institutions: Advancing Racial and Gender Equity through Your Clients’ Investment Portfolio

Mary Bruce Alford May 29, 2021

This panel discussion will feature how Financial Advisors and thought leaders are working with Black/Women Owned depositories and Community Development Financial Institutions (CDFIs) to mobilize capital to reach the most underserved communities in the US.

Financial Advisors are actively responding to their clients’ interest in US-based community investing through CDFIs, an asset class that has flown under the radar for five decades.

As we continue to recover from the effects of COVID 19, we must insure proven methods to climb the economic ladder are adequately funded. People in economically distressed areas know what solutions work best for their communities, and have consistently demonstrated their capability of doing it, most often with significantly fewer resources than other communities. Community Development Financial Institutions with track records of reaching and working in partnership with women and communities of color and rural communities model solutions that work. With adequate resources supporting these institutions, and increased commitment by others to do the same, it is possible to ensure prosperity and mobility in the most economically distressed communities in America.

Format

Panel

Meta Themes

  • Equity & Inclusion

  • Impact Investing

Themes

Community Development Financial Institutions, Black/Women Owned Financial Institutions

Purpose and Desired Outcome

- Learn from leaders in the CDFI field how partnerships with diverse led CDFIs are closing the racial and gender wealth gap. - Prepare impact investors and wealth managers to advise clients on how to invest in CDFIs. - Pursue impact investing to advance equity and inclusion through the development of an Investment and Impact Policy Statement (IIPS) for your clients and through latest research on “racial lens” investing provided by the Croatan Institute.

Audiences

  • Allocators (Family Offices, HNW Individuals, Foundations)

  • Asset Managers

  • Intermediaries (Financial Advisers, Investment Bankers)

  • Government

Speakers

  • NameAndrea Longton
  • TitleSVP, Financial Services
  • OrganizationOpportunity Finance Network
  • StatusConfirmed
  • NameMary Bruce Alford
  • TitleSVP, Investor Relations
  • OrganizationHope Credit Union
  • StatusConfirmed
  • NamePhuong Luong
  • TitlePrincipal Financial Advisor
  • OrganizationSaltbox Financial
  • StatusConfirmed
  • NameSharlene Brown
  • TitleSenior Fellow and Director Racial Equity, Economics, Finance, and Sustainability
  • OrganizationCroatan Institute
  • StatusConfirmed
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