Net Positive Consortium: A Groundbreaking Initiative
Today marks a transformative moment in the world of wealth management with the launch of the Net Positive Consortium in Wealth Management (NPC). This coalition brings together esteemed wealth management firms, committed not just to financial success but to making a meaningful societal impact. The NPC is designed to inspire financial advisors and their firms to strive for outcomes that benefit clients, employees, and the broader community.
Collective Action Among Founding Members
The Founding Members of the NPC are a diverse group of wealth management firms dedicated to creating a collaborative effort that transcends individual initiatives. Many of these firms have already made strides in implementing impactful programs, and through the NPC, they aim to amplify their influence collectively.
Among the founding firms are notable names such as Andrew Hill Investment Advisors, Brighton Jones, Cornerstone Wealth Group, and Crestwood Advisors. They are joined by solution providers like AdvoKate IQ, Andes Risk, and Bento Engine, all committed to fostering positive contributions within the industry.
Gerry Goldberg, CEO of GYL Financial Synergies and Co-Chair of the Consortium, highlights the initiative's dual approach. Some firms have established community engagement strategies, while others, new to this journey, are looking for guidance to transform their intentions into actionable outcomes.
Creating a Collaborative Vision
The vision behind the Net Positive Consortium is to create a collaborative environment where firms can exchange best practices and inspire one another. The goal is to initiate a wider movement within the wealth management sector, propelling members towards impactful actions that resonate with clients and communities alike.
Grant Rawdin, CEO of Wescott Financial Advisory Group and Co-Chair of the Consortium, expresses that this initiative signifies a pivotal shift for the industry. It's about harnessing the collective power of various firms to establish a sustainable framework that can drive significant positive change.
Five Essential Pillars to Drive Impact
To guide their efforts, the Consortium has identified five foundational pillars that members can align with to ensure their initiatives are purposeful and impactful. These pillars encompass:
- Team Members: Enhancing employee well-being, fostering inclusion, and promoting career growth.
- Community: Investing in local initiatives, charitable activities, and community service.
- Environment: Advocating for sustainability and responsible stewardship of our natural resources.
- Client: Advancing financial literacy, impact investing, and philanthropic initiatives.
- Industry: Nurturing the profession through mentorship and knowledge sharing.
Suzanne Siracuse, a prominent consultant within the wealth management sector, emphasizes the importance of structure in this approach. By following these five pillars, firms are equipped with a roadmap that facilitates their journey toward making lasting positive impacts.
Resources for Sustainable Development
Beyond the pillars, the NPC is committed to offering a wealth of resources designed to assist firms in embedding the 'net positive' ethos into their strategies. These include webinars, thought leadership articles, and various forms of educational content, all poised to help firms maintain upward momentum in their impactful efforts.
Membership: Criteria and Contributions
Firms eager to join this inspiring movement must adhere to specific membership criteria, including completing the Net Positive Inventory Assessment and demonstrating initiatives along the identified pillars. By joining the Consortium, firms also commit to ongoing growth and contribute to the funding needed for shared resources and initiatives.
A Brighter Future Through Collaboration
As the wealth management sector continues its evolution, the Net Positive Consortium stands at the forefront of leadership and collaboration. By uniting efforts, member firms can significantly enhance their capacity to effect positive change, ultimately shaping a sustainable future for wealth management.
Kevin Corbett, Managing Director at Mariner Wealth Advisors and Founding Member, reinforces this vision by stating their aim is to make a strong positive difference. Through collaborative efforts with the NPC, they hope to live out their commitment to being good stewards within the industry.
About the NPC
The Net Positive Consortium in Wealth Management (NPC) is an innovative coalition driven by a clear mission to generate net positive impacts. Its goal is to enhance the well-being of clients, employees, communities, and the environment while advancing the financial advisory profession. The NPC offers invaluable resources, best practices, and tools for those on their journey toward sustainable positive change.
Frequently Asked Questions
What is the Net Positive Consortium?
The Net Positive Consortium is a coalition of wealth management firms committed to making a positive societal impact.
What are the goals of the NPC?
The NPC aims to promote collaboration among firms to enhance their impact on clients, communities, and the environment.
Who are the founding members of the NPC?
Founding members include firms like Andrew Hill Investment Advisors, Brighton Jones, and many others dedicated to collective positive change.
What resources does the NPC provide?
The Consortium offers webinars, best practices, and educational content to help firms integrate a net positive approach.
How can firms join the Net Positive Consortium?
Firms must meet specific membership criteria, complete the Net Positive Inventory Assessment, and demonstrate initiatives aligned with the NPC's five pillars.
