Today news
About the same in other media
Spreading the wealth: Black-owned investment firms tackle the racial finance gap
Reading now: 593
Black investors have long been underrepresented in the stock market; only 33.5% of Black American households owned stocks in 2019, according to Federal Reserve data. But that’s beginning to change. Across the country, a new generation of young Black wealth managers are launching firms that aim to make investing accessible within the Black community – and in the process, to help close the racial wealth gap across generations.
“We all need education, access, and tools to be successful, and those were things that weren’t always accessible to us,” says Calvin Williams, founder of Freeman Capital. The Charlotte, North Carolina firm is the only Black-owned automated investment platform currently registered by the SEC.
Named by Investment News as
Read more on theguardian.comAbout this in other media
Former Apollo Global boss Leon Black buying £21m London home theguardian.com /2 years ago
Acting OCC head calls for consolidated supervision for crypto firms cointelegraph.com /2 years ago
Hyperdeflationary token reDeFines decentralized finance with a solution to preserve people’s wealth cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
