Image For Activity Cover
5 Actions CFPs Can Take to Narrow the Racial Wealth Gap
Course Information
Content Level: Foundational
NAPFA Subject Area: A-Financial Planning Process
Course Description
This webinar compares the results of two American financial plans which both use 2020 probability-weighted assumptions from the Federal Reserve, Department of Labor and other non-partisan sources. What’s the difference between the two plans? One is for a 30-year-old White couple and the other is for a 30-year-old Black couple. The two plans reveal that today’s racial wealth gap will persist for at least the next fifty years, absent intervention or a change in how our industry delivers financial advice. This session will teach practitioners which assumptions are most responsible for the present and future racial wealth gap and provide actionable insights to serve clients of all races better.
Learning Objectives
  1. Understand the systemic and historical context to the racial wealth gap
  2. Learn how both systemic barriers and individual choices contribute to the wealth gap
  3. Explore how planners can support Black households in closing the wealth gap
Speaker
Brent Kessel   

Brent Kessel has been a NAPFA member since 1997 and is the co-founder and CEO of Abacus Wealth Partners, a $4.3 billion wealth management firm whose mission is to expand what’s possible with money. He has taught impact investing at MIT, has presented at seminars and financial planning industry conferences throughout the U.S. (including NAPFA national conferences), and is the author of It’s Not About the Money, published by HarperCollins and named one of the top five business books of the year by Kiplinger’s.

Brent spent the first ten years of his life growing up in apartheid South Africa which shaped many of his perspectives on racial inequality and systemic racism. In 2021, Brent co-authored a paper entitled Two Financial Plans: The Next Fifty Years of the Racial Wealth Gap and What You Can Do About It.

Summary
Availability: On-Demand
Expires on Dec 31, 2023
Initial Cost: Member: $39.00
Non-Member: $59.00
Additional Cost: CFP® CE: $10.00
Credit Offered:
1 NAPFA CE Credit
1 CFP® CE Credit
Contains: 2 Courses
Recommended
Powered By