PHILADELPHIA CREAM – (COMMERCIAL THREAD) – Lincoln Financial Network (LFN), the retail wealth management subsidiary of Lincoln Financial Group (NYSE: LNC), today announced the launch of its African American Financial Professionals Network (AAFPN), a new company-wide initiative designed to better support the unique needs of African American finance professionals and clients.
The AAFPN is part of Lincoln Financial Group’s ongoing action plan to advance racial equity and lead to meaningful and measurable change. The AAFPN is designed to support advisor development efforts, attract more black financial professionals to LFN, and help define new strategies to support multicultural clients.
Lincoln is committed to amplifying our support for racial justice – taking action on our talent practices, our business, how we will monitor our progress on diversity and inclusion, and how we will help our people. communities, âsaid David Berkowitz, president of LFN. âThe AAFPN is a critical part of this commitment to uplift and support our African American financial professionals. We have important work to do, but I am excited about the work this network has undertaken and look forward to seeing the progress we will make together as a team.
The main goals of the network are to inspire African Americans to seize opportunities in financial services in order to increase the overall number of black financial professionals in the industry; Support new and experienced African American finance professionals at LFN in the growth and development of their practice through strategic partnerships and mentoring; and providing financial well-being education to black communities to help them prepare financially. Network oversight is a Lincoln Financial executive committee comprising Network Director Nicole Spinelli; current chairman of the board, Kelby Edwards; finance professionals affiliated with LFN, Sandi Becks, Carl Myers, Lawrence Smith and Caira White; and members of the LFN Board of Directors, Celeste Gurule, Vice President and General Manager, Financial Professionals Group; and Senior Vice President of LFN, Ed Walters.
Recent statistics from the US Department of Labor indicate that African-American money managers, investment analysts and personal financial advisers make up a small fraction, less than ten percent, of the financial industry. These statistics highlight the need for investment in African American communities on the financial well-being and career opportunities associated with the industry.
âMany African Americans find themselves isolated or without the resources to help them succeed in the financial planning industry,â said Kelby Edwards, president of AAFPN. âThe AAFPN is designed and run by African American professionals for African American professionals. We are confident that the programs, events and platforms developed by AAFPN will help foster greater interaction and support for Black financial professionals to help resolve issues affecting our communities. Empowering and growing our network of African American financial professionals will have a tremendously positive effect on our industry by increasing the number of black financial professionals now and for the next generation. ”
The AAFPN was modeled on the success of Lincoln’s WISE group. The Women Inspiring, Supporting and Education (WISE) group has strived to better meet the unique needs of financial advisors and their clients since its inception by Lincoln Financial Network in 2015. Learn more about each of the eight focus areas of Lincoln Diversity and Progress Visit the Lincoln Newsroom.
About the Lincoln Financial Network
Lincoln Financial Network is the trading name for the retail and financial planning subsidiaries of Lincoln Financial Group and includes Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corp., both members of FINRA and SIPC. Comprised of approximately 14,000 full-service financial representatives, agents and planners across the United States, Lincoln Financial Network professionals can offer financial planning and advisory services, retirement services, insurance products. life, annuities, investment, and trust services to high net worth individuals, business owners, and families. Lincoln Financial Group is the trading name of Lincoln National Corporation (LNC) and its affiliates. Find us on LinkedIn, Facebook, Twitter, and YouTube.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, more than 17 million clients trust our expertise in retirement, insurance and wealth protection to help them achieve their lifestyle, savings and income goals, and protect themselves. against long-term care expenses. Based in Radnor, Pa., Lincoln Financial Group is the trading name of Lincoln National Corporation (NYSE: LNC) and its subsidiaries. The company had $ 303 billion in account values ââat the end of the period as of December 31, 2020. Lincoln Financial Group is a committed corporate citizen that is included in leading sustainability indices, including the Dow Jones Sustainability Index North America and the FTSE4Good. Dedicated to diversity and inclusion, we’ve achieved 100 percent perfect scores on the Corporate Equality Index and the Disability Equality Index, and we rank among the top employers in the world. Forbes World, Top Large Employers, Top Employers for Diversity and Top Employers for Women, and Newsweek’s Top Employers. Responsible companies. For more information: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn and Instagram. Sign up to receive email alerts at http://newsroom.lfg.com.