The Association of African American Financial Advisors has appointed Alex David, president and CEO of Stifel Independent Advisors, as its incoming chairman emeritus. In this role, David will provide strategic guidance to the association as it focuses on further work driving a more equitable wealth management industry.
At the same time, association founder LeCount Davis is set to move into a chief advisory role after 2023. He will remain chairman emeritus for the year ahead and a member of the AAAA board. Christian Nwasike will remain chairman of the board; Nwasike is also principal and executive managing partner of Practice Management Consultants.
"I am honored to take an active role in the future of AAAA at this critical moment in time for the wealth management industry," said David in a statement.
David, who was a ThinkAdvisor LUMINARIES award finalist this year, added: "Having visible Black leadership is critical to the future of a more equitable financial advice industry, but it must go deeper. Working alongside Christian Nwasike and the professional staff at AAAA, as LeCount remains in his role, we will push our industry to make our board rooms, C-suites and branch offices more representative of the communities we serve."
