A coalition of RIAs and wealth management firms has announced the launch of the Net Positive Consortium in Wealth Management, described as an initiative aiming to unite financial advisory firms in a "shared commitment to creating meaningful societal impact."
As its name suggests, the Consortium is built around the mission of fostering a "net positive" outcome for clients, team members, communities, the environment and the industry itself.
"The biggest hurdle to taking action is often knowing where to start," said Suzanne Siracuse, a wealth management industry consultant and facilitator for the consortium. "That's why we developed a framework centered on these five pillars. They assist firms on this journey and serve as a roadmap for any firm seeking to make a net positive impact."
Founding member RIA firms include Andrew Hill Investment Advisors, Brighton Jones, Cornerstone Wealth Group, Crestwood Advisors, GYL Financial Synergies, Halbert Hargrove, Mariner Wealth Advisors, Modera Wealth Management, Perigon Wealth Management, Sentinel Group, Wescott Financial Advisory Group and Wealthspire Advisors.
Additionally, wealth management platform and solutions providers AdvoKate IQ, Andes Risk and Bento Engine are also founding members.
Kevin Corbett, managing director at Mariner Wealth Advisors, said his firm has joined the consortium to positively affect its associates, clients and the communities it serves.
