January 2021: Embracing Diversity and Inclusion-Embracing Diversity and Inclusion by Bridget McCrea

Embracing Diversity and Inclusion by Bridget McCrea

Pdf Summary

Chicory Wealth is a fee-only wealth advisory firm founded by Maggie Kulyk in 2018. The firm focuses on integrating money and meaning by helping clients blend their values, beliefs, and desires for a better society with their financial life. The firm has grown into a 10-person team with a diverse partnership and employee base, including three female advisors, people of color, and team members of different sexual orientations. Christina Kramlich, a financial advisor who joined the firm in 2019, describes the firm's culture as the most inclusive she has ever experienced. <br /><br />Chicory Wealth primarily works with higher-net-worth clients who want to invest in a meaningful, socially-conscious manner. They offer financial life planning services, develop charitable giving plans, manage tax obligations, and provide estate planning assistance, among other services. The firm uses a "know what you own" strategy for investing, aligning with their focus on environmental, social, and governance (ESG) investments. They use various ESG-related filters and benchmark their portfolios to the MSCI World Index.<br /><br />The firm is currently in growth mode, adding new clients and staff members steadily and maintaining a virtual working environment even after the pandemic ends. Their team members are located nationwide and use technology for communication and collaboration. The firm uses eMoney for planning, Wealthbox CRM, Box for document storage, and TD Ameritrade as their custodian. They prioritize cybersecurity and data privacy compliance.<br /><br />Overall, Chicory Wealth aims to provide holistic financial planning that aligns with their clients' values and supports their financial goals. They emphasize value alignment, sustainable investing, and a focus on the complete financial picture of their clients.

Keywords

Chicory Wealth

fee-only wealth advisory firm

Maggie Kulyk

integrating money and meaning

values-based financial planning

diverse partnership

socially-conscious investing

financial life planning

ESG investments

virtual working environment