#United States #New York #Wealth Management #Net Positive Consortium #FP Transitions

The Growth of the Net Positive Consortium

The Net Positive Consortium in Wealth Management (NPC) has made significant strides in its mission to transform the wealth management industry. Recently, five new member firms joined the coalition, further bolstering its commitment to creating a positive impact. The new firms are Bogart Wealth, First Pacific Financial, Guiding Wealth, Meira Wealth, and Uplifting Capital. They align their business strategies with NPC’s vision, aiming to foster sustainable practices and enhance the overall client experience.

In addition to the new members, FP Transitions has joined as the first Strategic Partner. This marks a pivotal moment in NPC’s journey, as FP Transitions brings a wealth of expertise in valuation, equity management, and succession planning. Scott Leak, the Director of Business Development at FP Transitions, expressed excitement at this collaboration, stating, "The NPC pillars of net-positivity are in line with our mission to support advisors in creating sustainable practices and an inclusive workplace."

NPC’s Framework for Impact

Launched in October 2024, the NPC aims to foster a positive ripple effect across five key pillars:
1. Workforce: Cultivating team well-being, inclusive cultures, and opportunities for professional development.
2. Community: Engaging in charitable efforts and driving significant local impact.
3. Planet: Prioritizing sustainability and environmental responsibility in practice.
4. Client: Advancing financial literacy and promoting charitable giving through values-based planning.
5. Industry: Contributing to the wealth management community through mentorship and collaboration.

Founding members include notable firms such as Mariner, Modera Wealth Management, and Wealthspire Advisors, among others. Their collective efforts aim to set a new standard within the industry, emphasizing a commitment to meaningful practices that benefit everyone involved.

Participation and Recognition in the Industry

The NPC’s influence is expanding, evident from the invitations extended to member firms like Mariner, Wealthspire, and Modera to speak at the prestigious Goldman Sachs RIA Professional Investor Forum. Their participation highlights the growing recognition of the NPC’s collective action, as evident from Grant Rawdin’s remarks: "This recognition emphasizes the power of what we can accomplish together as a community dedicated to positive impact."

To further assist firms in aligning with NPC’s mission, the consortium provides various resources, including an Inventory Assessment tool, curated best practices, and the executive brief titled "Unlocking Our True Potential." Webinars and training sessions are also available to help firms achieve long-term impact and growth.

An Invitation to Join

The NPC actively encourages wealth management firms across the country to consider membership. Interested firms are required to complete the Inventory Assessment, demonstrating activity across at least three of the five impact pillars, while committing to ongoing improvement. As highlighted by Gerry Goldberg, NPC Co-Chair, "Whether you're just starting or actively working on your impact journey, the NPC is here to elevate your goals."

The alliance within the NPC aims to cultivate a financially responsible future, emphasizing the importance of community welfare, sustainability, and positive action in wealth management. As the consortium continues to grow, it stands as a promising beacon for the industry, encouraging partnerships that aspire toward a sustainable future for all.

To learn more about becoming a part of this transformative movement, visit www.netpositivewealth.com.