RIAs Band Together to Launch “Net Positive Consortium in Wealth Management”

A coalition intended to “foster a ‘net positive’ outcome” within wealth management and the broader financial services industry has been launched by a group of more than 15 RIAs and solutions providers.

In an October 23 press release, the group said it has formed the “Net Positive Consortium in Wealth Management” (NPC), which is designed to give access to firms seeking to make an impact on five key “pillars”: workforce/team members, community, environment, clients, and the industry at large. NPC members are expected to provide backing through resource and initiatives funding, as well as exchange of best practices within the wealth management sphere.

Founding member RIA firms of the coalition include Andrew Hill Investment Advisors, Brighton Jones, Cornerstone Wealth Group, Crestwood Advisors, GYL Financial Synergies, Halbert Hargrove, Mariner Wealth Advisors, Modera Wealth Management, Perigon Wealth Management, Sentinel Group, Wescott Financial Advisory Group, and Wealthspire Advisors. Wealth management consultant Suzanne Siracuse will serve as facilitator for the NPC.

View the press release here.