Historically, Black, Indigenous, and People of Color (BIPOC) have participated in investing and financial planning at lower rates than White Americans. This can be attributed to past barriers to participation in investing, disparities in wealth by race and ethnicity, limited financial wellness knowledge, and the financial planning industry’s lack of diversity as it has historically been a White male dominated industry. With the ongoing reduction of barriers taking place, such as more diverse financial planners, low-cost investment options, and self-servicing apps, BIPOC are participating in investing and financial planning at increased rates. Join us to learn more about creating Wealth Through Financial Planning, which will provide great tips for many individuals regardless of race or ethnicity.

Join Ara Diloyan and Will Cooper as they discuss:
  • Statistics regarding wealth gaps by ethnicity
  • The importance of investing
  • Suggested tips for improving financial wellness
Source: Bhutta et. al (2020), Disparities in Wealth by Race and Ethnicity in 2019 Survey of Consumer Finances, The Federal Reserve