Wealthspire Advisors, a New York Metropolis-based registered funding advisory agency owned by world insurance coverage brokerage NFP, has launched a nationwide, community-centered program devoted to the agency’s philanthropic and charitable giving efforts.
Whereas Wealthspire and its advisors have already been concerned in lots of philanthropic endeavors over time, this program places a nice level on the RIA’s dedication to those efforts and brings them underneath one umbrella, known as ASPIRE by Wealthspire Advisors. Â
“As a lot as individuals have gotten accustomed to Zoom and Groups and all that, we’re nonetheless a enterprise that’s about people in communities,” stated Mike LaMena, CEO of Wealthspire. “That traditionally has manifested by means of numerous engagement regionally, whether or not that is sponsorship of occasions, engagement with totally different charities, volunteer work, philanthropic giving. We felt like there was a possibility to carry extra cohesiveness, visibility, momentum to the work that we’re doing in all these pockets by bringing it collectively underneath an umbrella initiative.”
ASPIRE is concentrated on 4 pillars, together with training, advocacy, partnership and sponsorship.
Wealthspire CMO Angela Giombetti stated she had observed lots of the agency’s advisors have been passionate concerning the outreach and work they have been doing personally of their communities, however they have been additionally interested in what different places of work have been doing. The brand new initiative helps to create that tradition at an enterprise stage round neighborhood outreach.
“It is a framework that permits us to seize all the nice issues which might be happening regionally, particularly, places of work with explicit advisors, join individuals round widespread concepts that they’ve after which discover methods to drive larger influence,” LaMena stated.
It’s additionally enticing to potential sellers, he stated. Some corporations have expressed concern that they’ll have to surrender their philanthropic efforts once they’re acquired, however Wealthspire needs to amplify these efforts and join corporations with comparable pursuits. For instance, as Wealthspire acquired a number of corporations, a number of have been concerned with addressing meals shortage of their areas. The agency launched an inner giving marketing campaign in December, elevating almost $50,000 for Feeding America, a nonprofit community of meals banks.
“We have at all times talked about, we’re a full integration mannequin, not an assimilation mannequin,” LaMena stated. “And we take the very best of every thing that is contributed by all of the gifted individuals we carry collectively and convey that collectively for our collective intelligence.”
The agency additionally companions with Advisers Give Financial institution, a non-profit group that connects low- and moderate-income households with professional bono monetary planning. That partnership grew out of a number of Wealthspire advisors who needed to succeed in a inhabitants they don’t usually serve. One other Wealthspire workforce member was concerned of their board. Up to now, the RIA has raised over $25,000 for that group, and greater than two dozen advisors have dedicated to volunteering.
Via 2026, the agency has additionally dedicated $100,000 for the Wealthspire Advisors CFP Certification Range Scholarship, which can award monetary help to twenty numerous, aspiring CFPÂ professionals.
Total, Wealthspire has supplied charitable contributions of over $500,000 within the final 12 months. As a part of the ASPIRE program, the agency will publish an annual giving report of its general efforts.
Yearly, the agency can even acknowledge one worker’s neighborhood efforts with its John Wolff Award, named for the Wealthspire colleague who handed away final 12 months after an extended battle with most cancers. Greg Friedman, senior strategic advisor at Wealthspire, received the inaugural award for his work to protect the world’s oceans.
Wealthspire can be a founding companion of the Internet Optimistic Consortium, an business initiative launched final 12 months to advertise and unfold finest practices on “internet constructive” methods for purchasers and communities.
LaMena additionally stated ASPIRE is nice for enterprise; workers need to work for corporations which might be engaged philanthropically and assist organizations and native communities which might be impacting lives. And the agency’s ideally suited purchasers is likely to be the oldsters sitting on the boards of those organizations.
“Staff exhibit every single day increasingly that they need to be behind corporations and types that replicate their values,” he stated. “I believe the identical factor is true for purchasers. And when purchasers see us not simply as nice planners which might be serving to them individually, however having influence within the communities through which they reside, being keen about main initiatives, whether or not it is meals shortage, empowering girls, no matter it is likely to be that we establish, I believe that resonates with purchasers.”
