BFAN’s goal is to establish Raymond James as the destination of choice for experienced black financial advisors who seek a place where they are welcomed, supported and celebrated in their success. The network highlights the firm’s inclusive culture to prospects throughout the country.
The best way to retain talented advisors is to help ensure their success, so BFAN is working with the Raymond James Private Client Group Education & Practice Management team and other professional resources throughout the firm to provide customized educational programs, development opportunities, partnership opportunities and mentorships.
Through multiyear partnerships with colleges and universities, as well as schools with recognized financial planning curricula, BFAN is engaged in Raymond James’ efforts to increase the pool of qualified professionals who are both prepared for and aware of the career opportunities in the financial advising profession. Additionally, the network is actively involved in Raymond James’ concerted efforts to recruit minority talent from other financial services sectors, such as insurance and banking.
Much like the Raymond James Network for Women Advisors, which started small and has grown to a force of more than 800 advisors, the Black Financial Advisors Network looks forward to becoming the premier organization for financial advisors of color in the industry, with Raymond James a model of diversity.
In the fall of 2013, Philadelphia area complex manager Tony Barrett and Maryland financial advisor Kaon Nelson had the idea to create an organization of professionals facing similar challenges who could share best practices and perspectives. What began as informal meetings and conversations then flourished, and in January 2015 the Black Financial Advisors Network (BFAN) had its inaugural meeting with the full support of Raymond James leadership, including CEO Paul Reilly, the start of a bright and promising future.
The members of the BFAN Advisory Council include the network co-founders and represent a cross-section of Raymond James advisors – geographically and by affiliation, industry experience and practice size. The council’s role is to set direction for the network and work with multiple home office associates in developing the programs and initiatives that will ensure BFAN thrives, grows and makes a lasting impact.
“The financial services industry as a whole has not done a good enough job of recruiting, training and retaining diversified financial advisors, and Raymond James is, unfortunately, no exception, but we’re committed to changing that.
Thanks to the efforts of this group of individuals who saw a need and took action to create the Black Financial Advisors Network of Raymond James – so named to represent advisors of multiple ethnicities – along with additional efforts to bring in a new, more diverse generation of financial advisors through early exposure to our industry and college recruiting, we are taking significant steps toward our goal. I fully support these efforts to help Raymond James create a more diverse advisor population to better serve clients.”
– Paul Reilly, CEO of Raymond James
Held in popular vacation destinations, the annual BFAN Symposium is an opportunity to develop professionally with black financial advisors in all stages of their careers.
The fifth annual Black Financial Advisors Network Symposium will be held February 25-27, 2019, at the Hilton St. Petersburg Bayfront in St. Petersburg, Florida.
If you are an advisor who seeks a firm where you are welcomed, valued and supported, call BFAN co-founder and Advisory Council member Tony Barrett at 888.792.9163 or have a confidential conversation with our recruiters about what your business would look like as an advisor at Raymond James.