Association of African American Financial Advisors
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| Formation | 2002 |
|---|---|
| Founder | LeCount Davis |
| Founded at | Washington, D.C. |
| Type | Financial Advisor & Backoffice Professional Membership Organization |
| Legal status | 501c6 Non-Profit |
| Focus | financial education, professional development, recruitment services, etc. |
| Headquarters | Washington, D.C. |
| Location |
|
Area served | Nationwide |
| Method | Public, private and nonprofit company surveys, educational events, conferences, publications |
Chairman of the Board of Directors | Christian Nwasike |
Staff | 8 FTEs |
| Website | https://aaafainc.org |
The Association of African American Financial Advisors (AAAA) is a Nonprofit organization established in 2002 by LeCount Davis, the first Black Certified Financial Planner in the United States.[1] Headquartered in Washington, D.C., AAAA is an independent trade association that provides support to Black/African American (B/AA) financial advisors and back office professionals in the United States. The AAAA's network consists of more than 4,000 B/AA financial advisors and over 30 corporate partners, as well as 1,400 individual members. Membership is open to individuals in the wealth management industry.[2]
Mission
AAAA's mission is built on three pillars: Attract, Retain, and Advocate. The organization seeks to attract more Black professionals to the financial planning industry by increasing awareness of the profession among graduates and young professionals. This is achieved by partnering with historically Black colleges and universities that offer financial planning degree programs and providing resources and support to students and recent graduates. AAAA also offers mentorship opportunities and networking events to help aspiring financial planners connect with established professionals and gain insights into the industry.
The second pillar of AAAA's mission is to retain Black financial advisors. AAAA provides support, resources, and networking opportunities to its members to help them build and grow their practices. This includes professional development workshops, training programs, and opportunities to connect with other members of the financial planning community. AAAA also advocates for policies and practices that support the needs of Black financial advisors, such as increased representation in leadership positions and access to resources and opportunities for growth and development.
Finally, AAAA advocates for the needs of the Black community at large by collaborating with legislative and regulatory bodies, financial services firms, and consumer interest organizations. The organization works to advance policies and practices that promote financial literacy, reduce the racial wealth gap, and create more opportunities for underrepresented communities to build wealth and financial security. AAAA also collaborates with other organizations to support initiatives that address the specific financial needs and challenges faced by Black communities.
References
- ↑ Rusoff, Jane Wollman. "How the First Black CFP Built His Practice". ThinkAdvisor. Retrieved 2023-05-03.
- ↑ "Library Of Congress To Include Association Of African American Financial Advisors". Wealth Solutions Report. 2023-03-22. Retrieved 2023-05-03.
External links
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