![]() They make up less than 4% of the 86,378 certified advisors, while blacks and Latinos account for nearly 30% of the country’s population.” Despite last year’s gains, there are still only 3,259 black and Latino CFP professionals in total. Of the 551,000 personal financial advisers in 2019, 82.2% were white, 8.6% were Asian, 6.9% were black and 6.3% were Hispanic.” Moreover, according to Financial Planning, “The number of black and Latino CFP professionals grew 12% last year - the highest increase ever, according to the CFP Board. Grants to 10 deserving North Carolina organizationsĪccording to MarketWatch, “the financial services industry, particularly in jobs that work directly with individuals, is mostly white, data from the Bureau of Labor Statistics show. Thus, we are honored to give $175,000 in unrestricted They project that “nationally, more than 42 million people, including 13 million children, may experience food insecurity in 2021.” Moreover, 12 NC counties are projected to see more than a 20% increase in their food insecurity rates due to COVID-19, including a 25% increase in Buncombe County, a 26% increase in Mecklenburg County, and a 20% increase in Forsyth County, all three where we have offices. Food InsecurityĪccording to Feeding America, COVID-19 has tragically reversed improvements seen to food insecurity rates over the past decade. ![]() After careful analysis, we are honored to dedicate our 2021 Parsec Prize grants totaling $200,000 to serving two areas: food insecurity and racial diversity within the financial industry. As our country struggled with the numerous unsettling events of this past year, we spent time reflecting on what role we could play to improve the lives of those around us.
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