Fi360 Accredited Investment Fiduciary®
Designation Training to be provided at no cost to
100 financial professionals in underrepresented groups through
Envestnet and Choir collaboration
NEW
YORK, Jan. 30, 2023 /PRNewswire/ -- To help
increase the accessibility of training for women and people of
color in financial professions, global Fintech
leader Broadridge Financial Solutions, Inc. (NYSE: BR) is
launching an initiative to extend its Fi360 Accredited Investment
Fiduciary® (AIF®) Designation Training to
financial professionals from underrepresented groups at no cost. An
initial group of 100 advisors will receive free training through
the program, which is sponsored by Envestnet, a leading provider of
intelligent systems for wealth management and financial wellness,
and supported by Choir, a diversity-tech platform and conference
diversity certification.
"Through this initiative, we hope to play a role in increasing
the likelihood that underrepresented individuals will stay in
financial services, and help them be recognized for career
advancement opportunities," said John
Faustino, the head of Broadridge's fiduciary training,
technology and analytics business. "Additionally, financial
advisors from diverse demographic groups generally have a higher
percentage of clients from those groups, and more AIFs in that
equation will help increase access to advisors acting in the best
interest of investors."
AIF Designation Training provides those responsible for
managing, or advising on, investor assets with a fundamental
understanding of the principles of fiduciary duty, the standards of
conduct for acting as a fiduciary, and a process for carrying out
fiduciary responsibility. Fi360 is accredited by ANSI National
Accreditation Board under international standard 17024 for the AIF
Designation.
Envestnet is sponsoring the provision of Broadridge's AIF
Designation Training for 100 individuals in underrepresented
populations, including, women and people of color – the candidates
for which will be identified with the help of Choir, a
diversity-tech platform that aims to lift the voices of the
underrepresented in the financial services industry. One of the
ways candidates can be eligible for selection is to sign up for
Choir's Voices platform, which connects people of color, women, and
non-binary financial professionals with speaking and media
opportunities. Interested individuals should also apply directly
with Envestnet.
"Envestnet is proud to support the 401(k) marketplace – a market
expected to triple by 20281 – and we are equally
committed to the development and careers of women and people of
color. With this, we believe there will be an even greater
opportunity to support these populations in all of their financial
needs," said Dani Fava, Envestnet's
Head of Strategic Development and an Advisory Board Member for
Choir. "That's why we're excited to collaborate with Broadridge and
Choir on this initiative to help ensure that the number of AIF
certifications mirrors growth in 401(k) assets. This program has
great potential to extend the reach of valuable training for
deserving individuals."
"This partnership makes us hopeful about the future of financial
services," said Liv Gagnon,
co-founder of Choir. "In order for this industry to represent the
world we live in, it's going to require intention and action from
organizations like Broadridge and Envestnet who are committed to
change at a systemic level. Making the AIF Designation Training
more available to historically under-resourced individuals is a
phenomenal idea and we're proud to be a part of the process."
Broadridge welcomes other organizations interested in engaging
in this initiative to inquire about opportunities to sponsor
additional trainings.
Broadridge, Choir and Envestnet are separate and unaffiliated
firms. This release should not be construed as a recommendation or
endorsement of any particular product, service, or firm.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance and communications to enable better
financial lives. We deliver technology-driven solutions that drive
business transformation for banks, broker-dealers, asset and wealth
managers and public companies. Broadridge's infrastructure serves
as a global communications hub enabling corporate governance by
linking thousands of public companies and mutual funds to tens of
millions of individual and institutional investors around the
world. Our technology and operations platforms underpin the daily
trading of more than U.S. $9 trillion
of equities, fixed income and other securities globally. A
certified Great Place to Work®, Broadridge is part of
the S&P 500® Index, employing over 14,000
associates in 21 countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
Media Contact:
Matthew Luongo
Prosek Partners
+1 646-818-9279
mluongo@prosek.com
1 Vanguard "How America Saves," 2022
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SOURCE Broadridge Financial Solutions, Inc.