The Invest in Others Charitable Foundation named 10 firms to its 2023 Charitable Champions List, recognizing companies that promote a culture of philanthropy and give back to their communities.
Altogether, the firms volunteered over 10,000 hours and donated more than $1.6 million to nonprofits across initiatives including financial literacy, military and veterans, health and wellness, hunger and poverty prevention, and education and youth programs. A panel of financial advisors selected the winners in an anonymous review process based on incentives, events, activities, leadership, culture, contributions and impact.
The Charitable Champions include:
- Back Cove Financial, based in Falmouth, Maine, which raised $44,635 for cash contributions and for which 100% of employees participated in the firm’s philanthropic events and programs
- Bradford Financial Advisors of Brighton, Michigan, which averaged 25 volunteer hours per employee and provides free financial guidance and needed gifts to veterans and their families
- Cassaday and Company of McLean, Virginia, which provides employees with 24 volunteer time-off hours each year and for which the CEO, Stephen Q. Cassaday, matches donations by 200%
- Creative Planning, based in Overland Park, Kansas, which raised $597,180 in cash contributions and provides employees with 100 volunteer time-off hours each year
- Hammond Iles Wealth Advisors of Wethersfield, Connecticut, which averaged 42 volunteer hours per employee and participates in an annual day of remembrance and service on Sept. 12 each year, commemorating generosity shown after the 9/11 attacks
- Harford Retirement Planners, based in Bel Air, Maryland, which recorded 96 volunteer hours across its four employees and supports financial literacy in its community, including boys from underserved neighborhoods of Baltimore
- IntentGen Financial Partners of Naperville, Illinois, which raised $72,500 in cash contributions and averaged 25 volunteer hours per employee
- Northwestern Mutual—Nashville, which raised $588,238 in cash contributions and logged 143 volunteer hours for firm-sponsored charitable activities and 1,596 volunteer hours for activities outside the firm across 90 employees
- Parcion Private Wealth, based in Bellevue, Washington, which raised $108,230 in cash contributions and supports Big Brothers Big Sisters of Puget Sound, among other charities
- Pickler Wealth Advisors of Collierville, Tennessee, for which 100% of employees utilized the firm’s unlimited volunteer time-off program, totaling 3,060 hours of volunteer time across the firm’s 12 employees
Invest in Others Executive Director and President, R. Barkley Payne, said, “It’s an honor to amplify the efforts and inspirational service of this year’s Charitable Champions winners. Through the generosity of these 10 firms, the financial services industry further solidifies itself as a community driving social change.”
In July, Invest in Others announced the finalists for its 17th annual Invest in Others Awards, recognizing financial advisors who volunteer to support nonprofits making a difference in the lives of others. The gala announcing the winners will be held at the Westin Boston Seaport District on Sept. 20.
James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.
