Library Of Congress To Include Association Of African American Financial Advisors

U.S. Library Of Congress Will Archive Content From The Website And Potentially Social Media Accounts Of The Association Of African American Financial Advisors

The U.S. Library of Congress will collect content from the website and potentially the social media accounts of the Association of African American Financial Advisors (AAAA), a nonprofit organization for African American wealth management professionals, AAAA announced. The Library of Congress or its agent will collect the content on a regular basis in the Industry Association Web Archive, a collection of historically and culturally significant websites designated for preservation, according to a press release.

“We are honored by this acknowledgement of the Association’s significant role in raising the profile of the Black financial advisor community,” Christian Nwasike, Chairman of the Board of AAAA, said in the press release. “Over the years, the Association’s website has served as a virtual anthology of important events for the Black financial advisor community and its allies. It’s our sincere hope our inclusion in the Web Archive will further enable our ability to create impactful change across financial services.”

LeCount Davis, the first African American to earn the CFP designation, founded AAAA in 2001. He currently serves as Chairman Emeritus and as a member of the Board of Directors. Davis recently won the WSR Lifetime Pathfinder Award – Top Black Industry Leaders of 2023. Alex David, President and CEO of Stifel Independent Advisors, serves as incoming Chairman Emeritus, providing strategic guidance to AAAA. WSR conducted video interviews with David and Nwasike at the Financial Services Institute’s FSI OneVoice annual conference in January.

As WSR previously reported, AAAA’s initiatives this year include plans to increase collaboration with historically Black colleges and universities including Howard University, Morehouse College and Spelman College, increase awareness of wealth management to address the Black advisor shortage, and strengthen its partnership with Merrill Lynch, J.P. Morgan, Edward Jones and Wells Fargo.

U.S. Rep. Sheila Jackson Lee, D-Texas, recently honored AAAA during an event in Houston, where she gave the organization a Certificate of Congressional Recognition. “On behalf of the constituents of the 18th Congressional District of Texas, I take great pride in recognizing Mr. Christian Nwasike and the Board Members of the Association of African American Financial Advisors,” Lee said in a statement, according to the press release.

“We celebrate you and your hard work to empower and support African American financial advisors, while promoting diversity, equity, and inclusion within the financial advisory industry,” her statement continued. “Your efforts are most deserving of the respect, admiration, and commendation of the United States Congress.”

Chris Latham, Deputy Managing Editor at Wealth Solutions Report, can be reached at clatham@wealthsolutionsreport.com