ALPFA’s Damian Rivera: The Power of Your Origin Story
LinkedIn
headshot of Damian Rivera, CEO of ALPHA

The journey from Spanish Harlem to the boardroom has been magical. I have the benefit of being able to look back at my 20+ years as a consultant for Accenture, along with my life growing up, to identify all of the “hard times” as a kid, which have made me successful in the boardroom.

As a Latino managing director in a global Fortune 500 company, I have always given back to my community, from serving on the board of non-profits to leading up Accenture’s Hispanic American ERG for six years. With all the experience I have gained, it is my mission to help others achieve their dreams.

With the opportunity of stepping into the role of CEO of ALPFA, I am honored and humbled to continue the legacy built by our members, countless volunteers, leadership teams from our professional and student chapters, and corporate partners that have made ALPFA what it is today. As I think back to my childhood growing up in Wagner Projects in Spanish Harlem, New York, in the 1980s, I can’t believe that in the same way the Latinx community helped give me opportunities in life, I am now in a position to do the same for others. What makes it even more exciting is I am not alone—I have an extended family of 80,000+ members focused on the same mission.

Everyone has an origin story, but the ability to really understand how your story gives you power is critical for Latinos as we strive to elevate in the corporate world. Hearing stories helps inspire, but knowing how your story gives you strength translates inspiration to action.

So, the question I usually get next is, “How can we learn to better understand our story?” There are four components/activities that I tell people to focus on: (1) Journey Line (2) Value Tree (3) Value Mantra (4) Purpose Framework. I’ll focus on the Journey Line and Value Tree here because they are the most critical. I recommend everyone develop their journey line, which is a drawing of your life, starting at any point going to present day. Your level of happiness is on the y-axis, and time is on the x-axis. As you think back on your life, you will plot out the highs and lows, and it’s in these moments that we learn our lessons of life. The high of highs and low of lows are where we build our character and grow the most. When people take time to develop the line, they start to see all they have accomplished and all they have persevered through to achieve success. Once you have done that, you begin to see the strength you have on paper. This is your origin story; it’s no different than a Marvel comic superhero. Once you have documented your journey line, you realize just as Superman had his hero’s journey, so did you. You may not be able to fly, but you definitely have developed your own version of superpowers in finance, accounting, or blockchain. When people work through this, they often have more confidence because it removes the impostor syndrome issues they encounter. They see their story and realize: I belong in the boardroom!

The second key piece is knowing your values. My values are legacy, opportunity, diversity, justice, courage, fortitude, energy, and industriousness. When people talk about being their authentic self at work, I believe that means sticking to your values. Through a person’s journey he or she will change. Everyone should be evolving as a person, and if you stay true to your value system, then you are being authentic as a leader. Know your origin story, enjoy your hero’s journey, and remember to help others along the way.

These Companies are Stepping Up in the Fight for Racial Equality
LinkedIn
A hand writing the word Inequality on glass board,

When it comes to encouraging diversity, especially during the Black Lives Matter movement, here are some of the companies that are supporting racial equality.

Bank of America

On June 2, Bank of America announced they will be pledging one billion dollars toward community programs and minority-owned businesses over the course of four years. The money was pledged in response to both the death of George Floyd and the impacts of COVID-19. Bank of America hopes this money will further help minority-owned businesses thrive, improve health services in Black communities, and open up positions for more bank employees.

Uber

To encourage its users to support black-owned businesses in response to George Floyd’s death and the Black Lives Matter Movement, Uber has announced that it will be waiving all delivery fees coming from black-owned restaurants in the United States and Canada. This process will begin on June 5 and continue throughout the rest of the year. Uber has also stated they are planning to create an initiative specifically designed to aid black-owned restaurants, as well as other businesses.

Additionally, Uber has pledged to create more diversity within their employees.

UnitedHealth Group

UnitedHealth Group is donating a pledged ten million dollars to help the neighborhoods of Minneapolis rebuild any damage taken in response to the protests. This will include five million of those dollars being donated to the YMCA Equity Innovation Center of Excellence.

UnitedHealth Group has also pledged to pay for all of George Floyd’s children to go to college when the time comes.

Disney

Disney will be donating five million dollars to companies that stand for social justice, including the NAACP, which Disney has pledged two million dollars to. Disney employees are also encouraged to donate to social justice causes, as Disney has promised to match any donation made by a Disney employee.

P & G

The umbrella company for brands, such as Tide and Olay, P & G has created the “Take on Race” fund that will be distributing five million dollars to organizations that will advance education on race, better communities, and improve all healthcare systems. The fund will be working directly with large and small organizations, such as the NAACP Legal Defense and Education Fund, the United Negro College Fund, and Courageous Conversation.

PLANNING FOR PRIDE INSIDE: LGBT Businesses Can Power Your Virtual Pride
LinkedIn
nglcc logo

When the COVID-19 crisis began, the NGLCC said that it has never been more imperative to commit ourselves to shop local, shop LGBT, give back what we can to our community organizations, and support all those around us. We truly are in this together. Pride is the ultimate celebration of togetherness, even if we can’t dance in the streets this summer. From the safety of our homes, we will be able to celebrate all that makes our community so beautiful, so resilient, and so rich with diversity.

Pride 2020 will also be a time to develop innovative ways to celebrate and show our support for our community and our allies. As NGLCC shared with The Advocate when shutdowns began, we are all in the business of “Keeping the LGBTQ Community Financially Strong During COVID-19”. As you, your community organizations, and your companies plan for digital Pride celebrations, take extra care to rely on the resourcefulness of America’s 1.4 million LGBT business owners and the services they can provide to make this Pride season unforgettable:

Pride Gear: Rainbow sunglasses and T-shirts with your company brand on them, table and home/office decorations for your online parties, and everything else you can dream of are available from LGBT-owned custom print shops like Brand|Pride and many more who specialize in making Pride unforgettable.

Streaming Video Service: From online dance parties and celebrity video fundraisers, to Pride conferences, webinars, and corporate group gatherings, there are LGBT-owned event and digital solution companies, like American Meetings, Inc., ready to take your digital Pride celebration to the next level. Don’t forget to also source your graphics and custom videos from certified LGBT designers eager to support your Pride event.

Snacks and Drinks: Whether you want a snack or cocktail to enjoy while watching the online celebrations, or are looking for Pride gifts and giveaways for your clients, friends, or favorite nonprofit, LGBT-owned food vendors, distilleries like Republic Restoratives, and micro-breweries are all available for personal or commercial celebrations ahead.

Best of all: Everything you need can be sourced directly from our own community through the vast network of Certified LGBT Business Enterprise® suppliers and affiliate chambers across America. And helping LGBT Americans through this time is key to helping all Americans succeed. We can never forget that our community includes women, communities of color, people with disabilities, immigrants, veterans, and so many others with whom we must stand in solidarity for a stronger, more inclusive economy on the other side of this outbreak.

This is also the time to remind your favorite brands, TV networks, and magazines that LGBT-inclusive marketing has never been more important. Just because we aren’t waving at your float doesn’t mean we aren’t watching how you engage with our community.  As the economy regains its footing in the months ahead, leading with a commitment to diversity — as a business owner or consumer — can help supercharge our economy and our community back to where we should be with our $917 billion dollar purchasing power. Now is the time to be doubling down on inclusive advertising so that our communities feel seen, supported, and empowered throughout — and long after — COVID-19.

Now, in this unprecedented moment, we can take pride in our purchases by supporting our community through the goods and services that power our 2020 Pride celebrations. Every dollar you and your companies spend with our community helps all of us come out of this moment stronger– and that is something that should give us all pride.

Justin Nelson and Chance Mitchell are co-founders of the National LGBT Chamber of Commerce (NGLCC).  NGLCC is the business voice of the LGBT community, the largest global advocacy organization specifically dedicated to expanding economic opportunities and advancements for LGBT people, and the exclusive certifying body for LGBT-owned businesses.

7 Reasons to Participate in a Virtual Job Fair
LinkedIn
Back view of female employee talk with male businessman on webcam laptop conference, woman worker with man employer brainstorm on video call from home, online

Traditional job fairs can be a drag, requiring your recruiters to travel, set up an expensive display, and stay on top of their game when they’re tired and maybe even a bit overwhelmed by a crush of candidates. But if you need a good-sized pool of potential employees, you probably feel you have no choice but to participate.

Actually, however, that’s not completely true. Your business can reap many of the benefits of such an event without some of the drawbacks, thanks to the growth of virtual job fairs.

Here are seven reasons why your company should take part in a virtual job fair:

1. You can interact with potential employees from all over the world and a variety of disciplines.
In today’s job market, you can’t afford to limit your hiring pool to a small geographical area or a particular kind of person. A virtual fair can put you in touch with a huge variety of people quickly and efficiently.

2. Virtual fairs save you money.
When your “booth” is in cyberspace, you don’t have to pay for a big display or for your recruiters’ travel. Your team can manage everything from the comfort of their offices—or from their own homes, if you offer remote work options.

3. You can take advantage of pre-fair promotion.
These events are enthusiastically and broadly advertised by their sponsors, and your participation will allow you to piggyback on that promotion to build your brand—all without paying for advertising. You can’t beat that kind of opportunity to create awareness about your company and what you do.

4. You can manage and target your message.
When you’re participating in an online event, you can be sure that your talking points will be communicated consistently and will reach your intended audience. “All applicants will receive the same information, face the same questions, and confer with the same company representatives,” says an article from Getting Hired.

5. Virtual fairs allow you to use your time more effectively.
“You can have multiple conversations going at the same time with job seekers, so it is less time-consuming than traditional career fairs,” says an article from Right Management.

6. Online fairs let you communicate the way your workers do.
“Whether you’re a millennial, a Gen Xer, or baby boomer, we all communicate online through messaging apps, such as Facebook messenger or through text messaging,” says an article from Brazen. “Online events and online career fairs offer the same form of communication. Take advantage of this shift.”

7. You can guarantee you’re capturing the information you need.
This is another point noted in the Getting Hired article. “A virtual career fair automatically captures the data of applicants, helping to ensure easier contact and follow up after the event, as well as retaining all candidates’ contact information for future roles and pipelines,” the article says.

Your company should explore opportunities to participate in these types of virtual activities. The savings in time and money, along with the ability to extend your recruiting reach nationwide or even worldwide, make them an obvious choice when you’re seeking the most talented workers to help your business grow.

Source: flexjobs.com

See the Best Cities to Live In for LGBTQ+ People
LinkedIn
A girl jumping in the air in a field, holding a LGBT pride flag

Whether it’s time to start a new career opportunity, find a place to retire, or change up your current environment, finding the right place to move to can be difficult. For LGBTQ+ people, this can be especially difficult, as there are still many areas that are not as progressive and accepting of the LGBTQ+ community as others.

Many of the big cities that are known to embrace the community, such as San Francisco and New York City, are great options, but are not at the pace that all people are looking for when it comes to settling down. Here is a list some of the best progressive and LGBTQ+ cities to live in, which you may not have considered yet.

Portland, Oregon

Gaining recent popularity, Portland has fast become a place of diversity and culture. The city is known for its great weather, growing college community, hipster businesses and the delight of having no state income tax. But most importantly, Oregon was voted as one of the United States’ most LGBTQ+ friendly cities by the Human Rights Campaign, achieving low rates of hate crimes and discrimination and high rates of safety, acceptance and relationship recognition.

Orlando, Florida

Not only is Orlando the home to a tremendous amount of activities, mainly being a tourist town, but has become the home to many progressive neighborhoods and a well-established gay community. The town maintains the same level of “things to do” as bigger cities, but also has low taxes and has a lower cost of living, making it a more intriguing place to settle.

Bloomington, Indiana

Bloomington is an especially unique city for the LGBTQ+ community. Being a more relaxed town, Bloomington has many recreational opportunities from exploring Brown County State Park in the beautiful Indiana weather to engaging with the cultural life created by the presence of Bloomington’s Indiana University. Best of all, Bloomington received a perfect score on Municipal Equality Index, meaning that they have some of the most inclusive policies and laws for LGBTQ+ people.

Yellow Springs, Ohio

Yellow Springs is another progressive, nature driven town, known for its progressive behavior since the 1960s. Although it is a small town, Yellow Springs has an intriguing downtown area where visitors can come enjoy an array of artistic galleries and publicly supportive of the LGBTQ+ shops. This is also the perfect destination for people who cold weather, as Ohio is known to get into low temperatures and receive quite a bit of snow.

Moab, Utah

Though small in size, Moab has served as one of the most supportive and engaging LGBTQ+ communities in recent years. Moab has its own Pride Parade, Visibility March, and Gay Adventure Week, all of which are quite popular among the town’s 5000-person population. The little town is more of an isolated destination about over 200 miles from Salt Lake City, but it is an outdoor lover’s paradise as it is close to the natural park and ideal for white water rafting.

Merck Virtual Engagement and Educational Experience and Virtual Business Opportunity Fair
LinkedIn
Merck business fair announcement

Merck’s Virtual Engagement Center will offer two tracks for Diverse Suppliers:

The Merck Global Economic Inclusion & Supplier Diversity Educational Experience (kick-off May 21, 2020) is a webinar series geared toward the developing the knowledge of diverse suppliers in the marketplace.

These monthly sessions will give diverse suppliers a leg-up and get them ready to pitch their capabilities and services, while learning how to set themselves apart and ultimately win the business.

Register Here

The Virtual Business Opportunity Fair, June 17, 2020, one of two LIVE events in 2020, that will provide the opportunity for diverse suppliers to engage with Merck’s supply chain professionals, Prime Suppliers and Advocacy Organizations during a virtual tradeshow.
Register Here

Supplier development and diversity are critical to our mission of Inventing for Life. We are excited to deploy these two exciting programs as part of the Virtual Engagement Center and hope you will join us.

¡Mi Triunfo!
LinkedIn

Meet the Latino and Latina Power Houses that are gaining the world’s attention.

Patty Rodriguez

Patty Rodriguez is best known for her role as on-air talent for KIIS.FM’s morning show with Ryan Seacrest.

“I never saw myself on-the-air,” she tells HipLatina. After 13 years On Air With Ryan Seacrest, she finally became comfortable with telling stories of local heroes. “People on social media would always tell me, ‘oh you don’t have the voice for it’ and I guess I just believed it,” she adds. She didn’t pursue it for a long time because imposter syndrome was holding her back.

Rodriguez is co-founder of “Lil’ Libros”, a bilingual children’s publishing company, and founder of the “MALA by Patty Rodriguez” jewelry line.

Rodriguez found it difficult to find bilingual first concept books she could enjoy reading to her baby, and so she and her childhood friend Ariana Stein came up with the idea of “Lil’ Libros”.

Sources: Hiplatina.com, Lillibros.com, Malabypr.com

Sergio Perez

Mexican driver Sergio Pérez, also known as Checo Perez, has amassed more points than any other Mexican in the history of the F1. But Perez is yet to match his hero Pedro Rodriguez and take the chequered flag in first.

Perez recently committed to a long-term deal with Racing Point beyond 2021. Perez has been with the team since 2013, when he signed with the group, then called Force India. The group reformed as Racing Point in 2018.

“I feel very confident and very motivated with the team going forwards,” Perez said, “with how things are developing, with the future of this team, the potential I see.”

It was also recently announced that the Mexican Grand Prix, an FIA-sanctioned auto race held at the Autódromo Hermanos Rodríguez, in Mexico City, will stay on the F1 calendar for the next three seasons.

“It was great news,” Perez said of the renewal. “It’s a massive boost on my side to know that for the next three years I’ll be racing home. Three more years to have an opportunity to make the Mexicans very proud.”

Source: formula1.com

Juanes

The 2019 Latin Recording Academy Person of the Year gala honored 23-time Latin GRAMMY and two-time GRAMMY-winning singer, composer, musician, and philanthropist Juanes for his creative artistry, unprecedented humanitarian efforts, support of rising artists, and philanthropic contributions to the world.

Juanes (born Juan Esteban Aristizábal Vásquez) is a Colombian musician whose solo debut album Fíjate Bien won three Latin Grammy Awards. According to his record label, Juanes has sold more than 15 million albums worldwide.

Source: Latingrammy.com, Voanews.com

Remembering Silvio Horta

Silvio Horta, best known as an executive producer of the hit ABC television series Ugly Betty, died in January. He was 45. Horta was an American screenwriter and television producer widely noted for adapting the hit Colombian telenovela Yo soy Betty, la fea into the hit series, which ran  2006–2010. Horta served as head writer and executive producer of the series.

Source: Wikipedia

Photo by Mel Melcon/Los Angeles Times via Getty Images

COVID-19 Highlights the Need for Increased Supplier Diversity
LinkedIn
A video conference with a diverse group of co-workers

By Elizabeth Vasquez

As global citizens prepare to fight against the current COVID-19 pandemic, I have been inspired by the individual stories of the women-owned businesses in the WEConnect International community and the resilience of my team and our supporters around the world.

As the CEO of a global nonprofit, I’m used to spending my life in airports and airplanes flying to meetings, speaking at conferences and meeting with our member buyers and the women business owners who supply a wide assortment of goods and services. But my intense travel schedule has ground to a halt as meetings have been canceled or postponed.

Earlier this month, I was fortunate to be at our WEConnect International South Africa Conference, Scaling Up in 2020 for Sustainable Growth, in Johannesburg. I met several exceptional women business owners and large buyers committed to inclusion.

Many are stepping up to help us all face the coronavirus challenge, like Refilwe Sebothoma, whose company, PBM Group, is supplying face masks. Belukazi Nkala, who owns Khanyile Solutions, is providing protective uniforms. And Judy Sunasky’s company, Blendwell Chemicals, is producing hand sanitizer.

In Singapore, Rithika Gupta is also increasing hand sanitizer production at her company, FP Aromatics, as is Sarah Sayed’s company, BX Merchandise, in the UK. WEConnect International educates and certifies women’s business enterprises based in over 45 countries, and women business owners such as these have registered with us in over 120 countries.

There are approximately 224 million women entrepreneurs worldwide who participate in the ownership of nearly 35 percent of firms in the formal economy. As traditional value chains shift, these business owners can step in to meet buyer demand.

Here in Washington, D.C., the WEConnect International Team has decided to hold our annual Gala and Symposium virtually. This is not a cancellation or a postponement but rather an opportunity for champions of diversity to leverage technology in support of inclusive global growth.

We are committed to creating opportunity in the face of adversity and have engaged our award winners, member buyers, women-owned businesses and strategic partners to join us for our first-ever 24-hour Cyber Gala culminating with the announcement of our Top 10 Global Champions.

Governments are taking the pandemic seriously and are working hard to protect their citizens through social distancing, while meeting the needs of those who fall sick. In addition to the human suffering, the virus has hurt domestic and international business. As a result, governments and business are working together to diversify supply chains to help mitigate future shocks to local and global economies.

 

Elizabeth Vazquez: Advocating for Women-Owned Businesses
LinkedIn
Headshot of Elizabeth Vasquez smiling for the camera

Professional Woman’s Magazine had the opportounity to speak with Elizabeth Vasquez, the founder of WeConnect Internatonal, on her business ventures as well as how to better advocate for Women-Owned Businesses.

Tell us about how you co-founded WEConnect International.

WEConnect International was established in response to a gap in the markets. Several corporate giants in the US and worldwide have committed to supplier diversity and inclusion. They want to buy more from women-owned businesses globally, but when we launched WEConnect International 10 years ago, there was no global database of women suppliers, no way to verify if women actually owned and controlled the companies they lead, and no easy way for women suppliers to connect with large buyers.

Globally, women control $20 trillion in annual consumer spending and make 85 percent of consumer purchasing decisions. And yet, only 1 percent of large corporate and government spend worldwide goes to women-owned businesses. WEConnect International is working to move the needle above 1 percent, generating market access opportunities for women business owners to sell their goods and services to large qualified buyers around the world.

What was your path to writing your book, Buying for Impact: How to Buy from Women and Change Our World?

The written word is a powerful tool to communicate, inform and call to action. I wanted to write something practical for people and organizations who care about women’s economic empowerment, and I was fortunate to have business guru Andrew Sherman co-author the book. Frankly, I wanted to document the WEConnect International journey in one place so more people could learn about the model and about how their purchasing power can change the world.

What women-owned business is making a global impact?

Our certified women-owned businesses are making an impact across the world – from a women-owned business in Mexico that provides transport services, to a South African events manager now working with Avon to an Indian woman who owns a trucking company. Women business owners are working in all fields from agriculture to IT, manufacturing to services. They just need that market knowledge and access to compete and win. WEConnect International certification allows them to leverage a Women-Owned Logo that is respected worldwide.

Who inspires you?

I am constantly inspired by the commitment of our member buyers who have pledged to scale up their inclusive sourcing, leverage WEConnect International to find qualified women suppliers and get more money into the hands of women business owners.

As CEO of WEConnect International, I’ve traveled to every continent other than Antarctica. I am so inspired by the creativity, determination and business savvy of these women business owners. I work as hard as I do because I believe deeply in our mission and I know that our work is changing the lives of these women who just want an equal opportunity to compete. These women inspire me every day to be brave and do more because they are delivering innovations and solutions that make the world better for all of us.

What is your experience as a Hispanic woman leader?

I have worked very hard throughout my career and have achieved a level of success that I never dreamed possible. That being said, I am aware that there are challenges for women and Hispanics throughout our society. Our mission at WEConnect International is to supplier diversity and inclusion – for women, for Hispanics, for ethnic minorities, for the LGBTQ community, for people with disabilities and for other under-utilized groups. As CEO, I am working with our member buyers and our women-owned businesses to make sure that our vision becomes a reality and that everyone has equal access to opportunities.

What advice do you have for other women aspiring to be in leadership positions?

Take risks, follow your dreams, and embrace what the universe opens up to you because your journey could go far beyond what you imagined when you started.

I co-founded WEConnect International at my dining table, and now we are working with more than 100 corporations with more than $1 trillion in annual purchasing power.

Why is WEConnect International important to corporations?

Corporations created WEConnect International as a global peer network committed to doing more business with women suppliers because it’s good for their bottom lines. We give corporations easy access to competitive women-owned business of all sizes, in all sectors, across all major markets to help ensure they are doing business with the world’s best suppliers.

Where do you see WEConnect International in the next 5 years?

By 2025, WEConnect International wants 200,000 women suppliers in our network, 400 buyers sourcing inclusively, 50 countries served on the ground and 150 countries served virtually and corporate and government spend with women-owned businesses to move beyond 1 percent. It’s a heavy lift, but we can do it, especially as more and more people find out.

A Remote Manager’s Guide to Successful Teams
LinkedIn
Remote team working from home in a video conference and manager communicates via video call communication with her team using laptop

Being away from your employees can create its own challenges when you work remotely. It can be difficult to gauge how employees are doing and what they are getting accomplished, which can cause a tremendous amount of stress.

Ryan Malone, the founder of Smartbug Media, has run his company 100% remotely since he opened in 2008. To be successful as on off-site manager, Malone offers his top four tips.

1) Adjust Work Hours

Working remotely has different challenges on different work styles, ways of efficiency, and in decreasing commute time. Working a 9-to-5 work day may work best for you but may not be the best way for your employees. Assess the needs of the company with how your employees work best to find the work hours that would be the best for them and the company.

2) Keep Your Documents Updated

Keeping track of your business’ various tasks and who is completing them can get confusing. Implement a system that will track the status of ongoing projects and tasks. This way, employees can easily locate what step of the task is being completed and what they need to implement for the next step.

3) Connect and Bond

Getting to know your co-workers is important for work morale, teamwork, and finding ways to best communicate. Talking about work is important, but it doesn’t have to be the only conversation that you ever have. Create a space where your employees can have a “water cooler” of sorts. Creating chatrooms and hosting virtual non-work-related events for your employees to attend will aid in strengthening these relationships with your co-workers.

4) Exercise

Exercise is not only important for your physical health but also for your mental health. Ryan Malone uses exercise as a means of health and to relieve stress. It can be difficult to directly gauge where your company is at from the comfort of your own home, but you need to be able to stay calm and think clearly to proceed. Exercising is a great way to keep your mind sharp and your anxiety levels down.

Studies Show 1 in 4 Americans are Seeking Type of Advisor During the Pandemic
LinkedIn
woman's hand pictured holding pen and calculator

While health concerns continue to be top of mind surrounding the COVID-19 pandemic, other aspects of day-to-day life contribute to the anxieties due to these uncertain times. One significant additional concern is the future of financial sustainability.

To truly understand the concerns of the public, Nationwide surveyed over 2,000 Americans, including 600 investors, to see how the pandemic has changed their financial concerns. John Carter, the president and COO of Nationwide, stated of the survey, “People are struggling, they are making sacrifices, and we firmly believe that their health and safety should be everyone’s top priority right now. We are also committed to helping Americans protect their financial health for the long term. Our latest research identifies areas where they are challenged and looking for guidance.”

According to Nationwide’s study, 70% of respondents testified to feeling either cautious or uncertain for the future of their personal finances, including 69% of the surveyed investors. This data doesn’t come as a surprise to Nationwide’s additional data that stated nearly 1 in 4 of those surveyed testified to having reached out to a financial advisor for the first time because of the pandemic, including 26% of the investors asked. Only 31% of all surveyed had previously used a financial advisor, with only 58% of the investor subset being included in that tally.

Financial concerns among those who responded to the survey stated their two biggest concerns over the effects of the virus were the inability to pay bills and the fear of losing their life savings. Other concerns included the fear of losing their jobs, affording healthcare, and not being able to retire.

Kristi Rodriguez, the leader of the Nationwide Retirement Institute, stated, “Americans feel a lack of control and a need for more guidance. Even if they do all the right things to manage their finances and investments, the vast majority of Americans, including 80% of all respondents and 85% of investors, agree they can still be blindsided by outside events.”

But just because there are fears surrounding finances during this time, that doesn’t mean that all hope is lost. Nationwide is dedicated to helping those concerned with their financial situation through their various resources. To find out more about what Nationwide has to offer and see more of the survey’s results, check out Nationwide’s full press release here

HNM BLM

 
*Please be sure to check event websites for latest updates on postponements or cancellations due to COVID-19 precautions.

Upcoming Events

  1. 2020 Unidos US Annual Conference
    July 25, 2020 - July 27, 2020
  2. Women in Federal Law Enforcement Leadership Training
    August 3, 2020 - August 6, 2020
  3. 2020 American Society for Health Care Human Resources Association Event
    August 22, 2020 - August 25, 2020