Initiative commits funds, time and resources to support the advancement of underrepresented financial planners
SAN FRANCISCO, September 10, 2021–(COMMERCIAL WIRE)–Education and financial services are unevenly distributed in the modern economy. Marginalized communities fear working with financial systems or have been prevented from accessing opportunities to accumulate wealth. To expand financial education and support the next generation of financial planners to be as diverse as the clients they serve, Originemployee financial wellness platform, announced the formation of its new philanthropic initiative: the Origin Diversity Program. Through the program, Origin has committed time, resources, and funds to further its mission of bringing financial wellness to all employees, regardless of income, net worth, or location.
Origin is the first comprehensive employee financial wellness platform for the modern workforce. Its integrated solution helps employees manage compensation, benefits, and personal finances in one place, alongside financial professionals. Origin was founded on the belief that financial planning should be accessible to everyone at all stages of life. However, less than 3.5% of the 80,000 CFP® professionals in the United States are Black or Latino, according to the CFP Board Center for Financial Planningfor example.
“We’ve heard from clients that their employees want financial advice from financial planners who understand their unique challenges and goals, but the pool of certified financial planners doesn’t match the diverse workforces Origin serves,” said Matt Watson, CEO and co-founder of Origin. “With the Origin Diversity Program, we hope to break down barriers to financial wellness by tackling the problem at its root: making financial education accessible to underserved youth and paving the way for underrepresented professionals to make a career in financial planning.” .
Through the program’s education initiative, Origin will provide digital financial literacy courses to high school students from low-income, underserved communities. Courses will cover the practical steps of managing personal finances and the skills to develop healthy and lasting financial habits.
Through the program’s grant fund, Origin pledged to cover the cost of the CFP® professional exam, training materials, and classes to support the advancement of underrepresented professionals in financial planning, awarding 10 grants valued at $50,000 in their inaugural year. Beneficiaries will also have access to Origin’s diverse network of financial planners for mentorship and development.
“The best time to start financial planning is yesterday,” said Ryan Xue, head of strategy and business operations and leader of Origin’s Diversity Program at Origin. “Many employees who use Origin have big goals for the future, but would have done better if they had understood their finances and taken action earlier in life. Unfortunately, many young people don’t have access to the resources and education they need to learn habits financial health before they enter the workforce. By providing Origin’s wealth of financial education to high schools in underserved communities, we can help young people get off on the right foot for an even brighter financial future.”
To partner with the Diversity of Origin Program or learn more, visit the program website.
ABOUT THE ORIGIN
Origin was founded on the belief that financial planning should be accessible to everyone at all stages of life. Origin is the first comprehensive employee financial wellness platform for the modern workforce. Its integrated solution helps employees manage compensation, benefits, and personal finances in one place, alongside financial professionals. Origin is the first platform to combine human financial planners with cutting-edge financial technology that educates employees and enables them to create, execute and track their personalized financial plans. The Origin team is led by repeat founders and is backed by leading venture capital firms and investors such as 01A, Founders Fund, Felicis Ventures, General Catalyst, and Lachy Groom. With Origin, employees have on-demand access to their Origin scheduler, and a video call or in-app chat is just a click away. For more information on Origin, visit http://www.useorigin.com
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