Page 16 - Investment Advisor - November 2023

Community

Impact

FIrMs from infants to 12-year-olds, in Jefferson County and surround-
ing communities. The center offers working parents in the area
Asset/Portfolio Management & Custodial Firms another quality, affordable childcare option. Through its Ignite
“Giving Back” Program, Cambridge has donated some $775,000
seI to nonprofit organizations around the U.S. since 2009, including
As part of its commitment to corporate social $75,000 to Kids Matter International in 2022. The firm also offers
responsibility, SEI maintains programs and poli- its associates annual paid volunteer time, and makes donations to
cies focused on increasing diversity, equity and nonprofits through the Cambridge Foundation and its Spirit of
inclusion; sustainability; employee engagement; Cambridge program.
and philanthropy. The company strives to implement sustainable
business practices, foster a dynamic and inclusive workforce and Commonwealth Financial network
support charitable organizations through its SEI Cares program Commonwealth Financial Network and the non-
in communities where it operates. In 2022, SEI formed the DEI profit Commonwealth Cares Fund enable more than
Council to oversee programming and hold leadership accountable 1,000 home office staff and some 2,100 advisors
to commitments. It also continued to maintain a Female Advisor to support charities through donations or participation. These
Community to build a network for female advisors and increase efforts help to relieve human suffering, promote social and
DEI in the advisor profession. economic growth, and protect our planet’s resources. In 2022,
Commonwealth and CCF issued 21% more grants than in 2021
UBs to 140 organizations, and raised some $400,000 for foundations
The Multicultural Client Segments at UBS including the Ukrainian Red Cross, Think Dignity, the Make-A-
released its inaugural report, Invest to Wish Foundation, the American Red Cross, The Wily Network
Advance, which outlines the path to financial inclusion for Black, and Rosie’s Place. All operating and administrative expenses are
Hispanic/Latino and Asian American investors. UBS partnered borne by Commonwealth.
with The Fourth Floor to launch a fellowship program, support-
ing 50 BIPOC-founded start-ups and 120 diverse board candidate Lincoln Financial Group
fellows. It also committed $3 million over three years to build Lincoln Financial Network’s multi-
a more inclusive entrepreneurial ecosystem for Black founders. year LincABLE program, or Lincoln
This investment will directly support Black Innovation Alliance’s Accelerating Business Leadership Experiences, provides men-
Decade of Black Innovation, an initiative to empower one million torship, financial education and career development for Black
Black entrepreneurs and innovators, and drive $1 billion to the and African American high school students in Philadelphia.
Black entrepreneurial ecosystem. LincABLE was launched in partnership with the Urban
League of Philadelphia, the Science Leadership Academy at
Broker-dealers Beeber and ViableEdu, a virtual learning and professional
development platform, to harness the power of industry, civil
Cambridge Investment rights and academia to make a community impact. With an
research eye toward the future of the financial services industry, the
Cambridge was the lead sponsor for the Cambridge Little program provides internships specifically for students of
Achievers Center, a 14,000-square-foot childcare facility in color, exposing them to potential career opportunities within
Fairfield that opened in 2023 and can serve up to 185 children, the industry.

14 Investment AdvIsor November 2023 | ThinkAdvisor.com