Black Wealth Summit – The Event You Shouldn’t Have Missed

 

Creating generational wealth for Black people was this year’s principle of the virtual Black Wealth Summit™ (BWS), which was held October 20 – 22. In keeping with that, BWS hosted a HBCU Business Case Competition opened to any Historically Black College and University. Student teams competed for up to $30K in prizes.

The Application of Intent was due on Friday, September 24.  Business case submissions were due by October 13. This Business Case Competition is a precursor to the Black Wealth Summit, created to offer every Black person access to the knowledge that can be used to build real generational wealth for their families and communities. BWS offers the exposure, learning and encouragement needed to make prosperity accessible to Black people. Registration for the inaugural October summit is now closed.

The list of speakers for this virtual conference included John W. Rogers, Jr. Chairman, Co-CEO & Chief Investment Officer Ariel Investments; Paul Reilly, Chief Executive Officer, Raymond James Financial; Beverly Anderson,President of Global Consumer Solutions at Equifax; David Gardner, Co-Founder and Chief Rule Breaker at The Motley Fool; Kahlil Byrd (KB), Co-Founder and CEO, Invest America; Yolanda Daniel, National Black Bank Foundation; Omar Aguilar, Managing Director and Chief  Investment Officer, Charles Schwab; and Genai Walker Macklin, Financial Advisor at Morgan Stanley.

Genai Walker Macklin, a result-oriented and a dedicated financial services leader, described this event as praise worthy. BWS is a first-of-its-kind opportunity to develop wealth literacy through access to comprehensive information in four focus areas: Entrepreneurship, Securities: Stocks & Bonds, Real Estate, and Private Equity. Black Wealth Summit’s first-of-its-kind conference is literally where Black affluence and potential comes to connect with wealth creating allies.  The organization pulls no punches when outlining their mission of being “unapologetically invested in the prosperity of Black people”.  Founded in the midst of 2020’s pandemic and racial reckoning, the non-profit’s namesake, inclusive wealth and financial educational experience will draw nearly 1,500 people to the October event. BWS offers an inclusive wealth and financial educational experience, uniquely designed to bring together champions and channels that will foster prosperity for Black lives.

Some of the country’s major financial institutions are also vested in the organization’s approach and methodology.  Morgan Stanley is a founding sponsor, and inaugural sponsors include Bank of America, JP Morgan Chase, Charles Schwab, Equifax, and Raymond James. These financial powerhouses also made their curated wealth curriculums and financial coaches available within the BWS learning framework. This strategy was important for BWS to ensure attendees receive authentic information, from the right perspective.

According to Genai Walker Macklin, Financial Advisor with Morgan Stanley, it’s about time that every black person has access to the knowledge that can transform their personal wealth journey, and can be used to build real generational wealth for their families and communities. The Black Wealth Summit is an answer to making prosperity accessible to Black people, thereby making prosperity accessible to all people.