GRID 202 Partners

We believe in providing objective, conflict-free financial advice with transparent fees that align with the value our solutions bring.

[GRID 202 Partners @Grid202]

As a firm we recognize creating an equitable society requires hard work and dedication. We're defined by an unwavering commitment to realize that vision.

Read the full statement from our President & Managing Partner https://t.co/lUdM5Ajk83

[GRID 202 Partners @Grid202]

What does it mean to be a fiduciary? Read our latest piece on why it's important.  https://t.co/KUM2Fe29cm

[GRID 202 Partners @Grid202]

GRID 202 Partners welcomes Deborah Adeyanju, CFA to the team! She brings nearly two decades of industry experience including managing multi-billion dollar fixed income portfolios at global investment banks. Her addition significantly bolsters our investment research capabilities.

[GRID 202 Partners @Grid202]

@LizSimmie @parkridgewealth @KeithBevCFA @Paulmig87825243 @ClientFirstCap @LisaBrignoni @MorgenRochard @ToddWenning @MorningstarInc You had me at "And one day". Whenever we meet in person, first round is on me!

[GRID 202 Partners @Grid202]

@RadenJake @KeithBevCFA @Paulmig87825243 @ClientFirstCap @LizSimmie @LisaBrignoni @MorgenRochard @ToddWenning @parkridgewealth Think I owe someone on your team a reply. 🤦‍♂️Your methodology (like $NACP) is sound given the data we have but respectfully, falls short. Disclosing and having targets is a good start but doesn't reflect progress on those targets, firm culture, BIPOC employee experiences, etc.

[GRID 202 Partners @Grid202]

@LizSimmie @KeithBevCFA @Paulmig87825243 @ClientFirstCap @LisaBrignoni @MorgenRochard @ToddWenning @parkridgewealth I agree. I'd make the case that those who are leaders in racial equity should aim to do so because it is good business not necessarily out of a sense of altruism to change the system. Being a laggard represents business risk just as being a leader will present opportunities.

[GRID 202 Partners @Grid202]

@MorgenRochard @LizSimmie @KeithBevCFA @Paulmig87825243 @ClientFirstCap @LisaBrignoni @ToddWenning @parkridgewealth Not sure I close the client with these but could certainly give it a try. 😀

[GRID 202 Partners @Grid202]

@ToddWenning @KeithBevCFA @Paulmig87825243 @ClientFirstCap @LizSimmie @LisaBrignoni @MorgenRochard @parkridgewealth This article highlights the inherent flaws with the Sustainalytics (now M*) data. $BAC took in $1.6B in Overdradt/NSF revenue in 2019, disproportionately paid by BIPOC customers and $MS former head of global diversity (a Black woman) is suing for racial discrimination.

[GRID 202 Partners @Grid202]

@rrobasciotti @KeithBevCFA @Paulmig87825243 @ClientFirstCap @LizSimmie @LisaBrignoni @MorgenRochard @ToddWenning @parkridgewealth Of course I do! Your exclusion list is a great place to start. And thanks again for sharing it publicly.

[GRID 202 Partners @Grid202]

@AdviserCounsel @Paulmig87825243 @KeithBevCFA @ClientFirstCap @LizSimmie @LisaBrignoni @MorgenRochard @ToddWenning @parkridgewealth She wants to align her public market equity exposure with her views on racial equity. Actions indicating a substantive shift in the company's commitment to racial equity are material and cause to trade. She'll "feel good" when her portfolio is eradicating systemic racism.

[GRID 202 Partners @Grid202]

@AdviserCounsel @Paulmig87825243 @KeithBevCFA @ClientFirstCap @LizSimmie @LisaBrignoni @MorgenRochard @ToddWenning @parkridgewealth That's a very small list among publicly traded companies. Less than 20 I believe if you're talking CEOs of Fortune 500 companies. And she also wants to be relatively diversified across sector - benchmarked to the S&P 500.

[GRID 202 Partners @Grid202]

@AdviserCounsel @Paulmig87825243 @KeithBevCFA @ClientFirstCap @LizSimmie @LisaBrignoni @MorgenRochard @ToddWenning @parkridgewealth She's a savvy MBA at a large PE firm. Assets must be managed in a blind trust. Philosophically she wants to profit from the demise of these companies as a long-term investment theme in addition to profiting from those who leading the way. Think Ayn Rand meets Jane Elliott.

[GRID 202 Partners @Grid202]

@Paulmig87825243 @KeithBevCFA @ClientFirstCap @LizSimmie @LisaBrignoni @MorgenRochard @ToddWenning @parkridgewealth Fair enough. She will short in a held away account, absolving you of your fiduciary duty (in writing). She then asks for the companies you exclude or underweight relative to benchmark allocation based on current policies/progress as it relates to BIPOC.

[GRID 202 Partners @Grid202]

Schools represented this year include Carnegie Mellon's Tepper School (MBA), Georgetown University, Radner University, Syracuse, U Mass (Boston), and University of California Berkeley.

[GRID 202 Partners @Grid202]

Our first week with our 2020 summer intern class is officially in the books! Our students will be tackling several projects this summer - all of which intersect with wealth generation, racial justice and social impact.

Please join us in welcoming them! 👏🏾👏🏾

[GRID 202 Partners @Grid202]

Join us for a conversation with Anwar White, Founder of the Get Your Guy Coaching Program. Over 60% of Anwar's clients were proposed to within 18 months of working with him!

Sign up for the free webinar and share this link with your friends ➡️ https://t.co/2DhpJEjcs5

[GRID 202 Partners @Grid202]

Tomorrow night, @JamesM_CFP, Associate Planner @Grid202, will discuss how to navigate the big decisions every student will make during each year of law school and the tools needed to graduate ahead of the curve to live a more financially successful life.

[IntentionalEndowment @IntentEndowment]

GRID 202 Partners on Combating Systemic Racism https://t.co/0XwTwSgElW via @Grid202

[GRID 202 Partners @Grid202]

Financial applications such as Zirtue (@zirtueme) allow individuals to structure real loans with friends and family. If the borrower defaults, you may be able to deduct the amount on your taxes as a bad debt expense. (4/4)

[GRID 202 Partners @Grid202]

Though it may be years before the data is analyzed and released, if the lessons from the Great Recession hold for the current recession, we would expect affluent households of color to have starkly different wealth experiences than their white counterparts. (1/4)

[GRID 202 Partners @Grid202]

The authors of a St. Louis Federal Reserve study (https://t.co/Z5Ib1VAbSl) suggest extended kin networks could explain “college-educated Black families losing nearly 60% of their net wealth compared with 37% for less-educated Black families.” (3/4)