How We Can Build Pride Juntos

How We Can Build Pride Juntos

You can proudly wear your heart on the sleeve of your portfolio because it actually pays to be inclusive. Your little brother can make his own flan, but we’re talking about your investment portfolio here. Publicly traded companies publish their revenue and earnings per share every quarter. But there are other ways beyond SEC filings to fully gauge how a company truly operates outside of just business. Sites like glassdoor.com where employees can dish the chisme on workplace environments for prospective employees to be informed on where they are applying will give you an idea on how inclusive a company is. 🏳️‍🌈🏳️‍⚧️

 

The Human Rights Campaign developed The CQI or Corporate Quality Index in 2002. They rate companies on a 100 point scale of LGBT-inclusivity and more than 500 businesses earned the top score in 2017! 👏🏽👏🏽👏🏽

 

A 2016 Credit Suisse report showed that 270 LGBT-friendly stocks outperformed a broad index by three percentage points in the previous six years, suggesting that diversity and an active pro-LGBT culture is associated with higher stock returns. 🙌🏽

 

The 2016 Trillium Investing in Equality Report suggests publicly traded companies to watch that support LGBT-inclusion. They also feature case studies on companies that have dealt with LGBT-related challenges. ✔️

 

To dig deeper on the asset manager side of things, Denver Investments Wealth Management’s Workplace Equality Index includes LGBT-friendly companies beat the S&P 500 index by almost four percentage points in 2016 and over the last five years the index has returned 140% versus an 89% return for the S&P 500 index. 📈

 

The Credit Suisse LGBT Equality Index includes only companies that score an 80 or better on the Human Rights Campaign’s CEI. It’s like playing Hot or Not with inclusivity! 🏆

 

Finally, securing a financial planner with the Accredited Domestic Partnership Advisors designation from the College for Financial Planning will ensure that they’ve completed coursework and passed a test on LGBT-related issues that includes wealth transfers, taxes and end-of-life needs for domestic partners. Wells Fargo was the first bank to require its financial planners earn the ADPA designation. Other sites besides College for Financial Planning (select ADPA in drop-down menu) like PridePlanners, and GuideVine have free searchable directories to help you find the right financial planner. Like your mama says, do things that are in your best interest, so make sure you understand how your financial planner is being compensated and whether they abide by the fiduciary standard, a requirement that any advice you receive must be in your best interest. Learn how to research an advisor to be well informed. And soon there will be enough flan for everyone!

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