Ryan Nauman hosts Zephyr’s Adjusted for Risk Podcast during Financial Literacy Month and welcomes Alexis Rosenblum, Global Head of Sustainability and Social Responsibility at Capital Group. Rosenblum explains Capital Group’s mission, its employee-driven philanthropy program Capital Cares, and the firm’s focus on expanding access to investing and wealth-building. She details the Community Wealth Council, a 10-month fellowship that equips nonprofit leaders with financial education and pairs them with pro bono financial advisor mentors in a train-the-trainer model to address community-specific needs and build trust in financial services. Rosenblum shares research findings on barriers to wealth—limited resources, networks/trust, and knowledge plus the emotional stigma around money—and notes partnerships with The Practice Space and the Foundation for Financial Planning, including ways advisors can volunteer via FFP resources.

Learn more about Zephyr here.

Learn more about Capital Group here.

00:00 Podcast Kickoff

01:17 Meet Alexis Rosenblum

01:51 Capital Group Mission

04:42 Defining Community Access

05:25 Philanthropy Capital Cares

09:27 Community Wealth Council

13:32 Research Shaping Program

16:38 Trust and Wealth Barriers

22:16 Training and Partners

24:20 Nonprofits and Tailoring

26:55 Advisor Role and Joining

33:10 Mentorship Details

35:08 Movement and Wrap Up

Connect with Ryan Nauman: LinkedIn

Let's go.

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Ryan Nauman Zephyr: Welcome everyone

to zephyr's Adjusted for Risk Podcast

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from the shores of Lake Tahoe.

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This is Ryan Auman and I'm the

market strategist here at Zephyr.

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April is Financial Literacy Month,

and if you have listened to enough.

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Episodes of the Adjusted for Risk Podcast,

you know that I think more can be done.

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It needs to be done to help educate

individuals on the principles

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of finance and investing.

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I am honored to have on my next

guest, who is doing some great things

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to help bring financial literacy.

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Education in services to people who

typically don't have access to it.

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But first, this episode is sponsored

by the award-winning Zephyr, which

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helps investment professionals

make more informed investment

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decisions on behalf of their clients.

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Alright, I've already talked enough.

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Let's go ahead and get started

and bring on the star of the show.

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I'd like to give a very warm

welcome to Alexis Rosenblum.

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Alexis is the global head

of sustainability and social

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responsibility at Capital Group.

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Alexis, thank you so much

for coming on the show.

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It's an honor to have you.

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I'm really excited

about this conversation.

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Can you please tell us a little bit

more about yourself, capital Group,

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and your role at Capital Group?

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Alexis Rosenblum Capital Group:

For sure.

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First off, Ryan.

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And thank you so much for having me today.

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I am excited to be here.

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Capital Group?

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is the world's largest active fund manager

with over 3 trillion in assets under

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management, and our mission is to improve

lives through successful investing.

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part of that, we're huge believers in

the power of financial advice to really

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help us to deliver on that mission.

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And we took a strategic decision

early in our company's history

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to really work through advisors

to deliver on that mission.

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When I think about my role, it's really

all about community engagement and

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expanding access through a series of

programs that are impact oriented,

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that are really all often focused

on access to our industry and really

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breaking down some of those barriers

that inhibit folks from being able to

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have the opportunity to build wealth.

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In terms of my personal background

I joined Capital Group about

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four years ago, but I'm an asset

management person through and through.

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So I've spent my entire career

in the asset management industry.

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I've held a variety of different roles,

and probably one of my most seminal

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experiences was actually doing public

policy work, whereas really representing

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the interests of the investors and savers

who our industry ultimately serves.

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On, on policy outcomes and with

regulators and policy makers

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in Washington and beyond.

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And so when I think about my work in

sustainability and social responsibility

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and how that comes to life today, for

me, it's really all about how we can

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take the expertise, the capabilities.

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The the value and strengths that our

industry has and really bring that to the

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communities outside our walls and help to

address some of those persistent societal

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challenges that our communities face.

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Ryan: Alexis, I think that's fantastic.

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I love your experience and just

what Capital Group is doing.

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I've, I had the pri privilege

in my earlier career.

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I'm going to age myself here, Alexis.

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I do this a lot on my show as I age

myself when I started 20 years ago,

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and we're advisors of plan sponsors.

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We use a lot of capital group investments,

the American Funds suite of their

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products, so very familiar there.

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On the investment set, but it's great on

what you guys are doing more just to help

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the community, to democratize investing,

bring investing to people that, when

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I started, it really wasn't an option.

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And there's other firms, other things that

are really, innovation and advancing it.

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So democratizing investing, whether,

it's things like Robinhood or.

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Just within 4 0 1 Ks offering

alternative investments.

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Great stuff.

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You mentioned community.

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What do you mean by community

and just, bringing the community

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guy, they're educating them.

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What do you mean by that?

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When I think of community, I think

of Southlake, Tahoe and just a

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bunch of skiers and stuff like that.

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What do you think of it?

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Alexis Rosenblum, Capital Group: Yeah.

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So I think for me, it's and talking

about this idea of extending on

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our mission of improving people's

lives through successful investing.

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So when we talk about the community, it's

really those people in the outside world

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who don't necessarily have access to

our industry today, and really thinking

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about what can we do to bridge that gap.

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Ryan: Fantastic.

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So going back to Capital Grew,

it's nearly a hundred years in

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business, which is fantastic.

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So how does the firm think about

philanthropy and why is it important?

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I think, people are,

keep reading statistics.

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The number of ultra high net worth

individuals continues to grow.

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So maybe that's why philanthropy

is, front and center.

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It seems like it's grown in

importance and popularity.

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Why is it important for a capital group?

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Alexis Rosenblum, Capital Group: For sure.

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As you alluded to, capital Group has

been around for a very long time.

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We were founded out of the

Great Depression nearly.

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A hundred years ago by a man named

Jonathan Bell Lovelace, and for some

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of your listeners who know Capital

Group, you may know that Jonathan

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Bell Lovelace brought a really unique

perspective on long-term investing

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to Capital Group, which is really

at the core of why we've been able

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to have the success and longevity

that we've had as an organization.

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What many people don't know is that

he actually also brought really

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strong personal and family values.

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To Capital Group when

he started the company.

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And he's often cited as referring to

a principle that his mother instilled

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in him, which was this idea that he

should be a friend to his fellow man,

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and he should strive to make the world

a little better than he found it.

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And so that kind of spirit and as

we talk about, who is the community

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and defining the community.

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That spirit of being mindful of the people

in the world around us and being engaged

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and trying to be a helpful and thoughtful

partner to those people that has really

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been passed down through the generations

of Capital Group and it kind came to life

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in many different forms over the course

of our, a nearly a hundred year history.

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But fast forward to about 40 years ago.

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We formalized it through the

creation of a philanthropic

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program that we call capital Cares.

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And that program is pretty unique

in terms of corporate philanthropy

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programs because it's employee

driven, which means that we put the.

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Vast majority of our giving budget in

the hands of our employees, we call

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them Associates of Capital group?

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to give back to the causes and

communities that they're personally

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passionate about as individuals.

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as a result this is, one of the, it's,

we have a very active associate base

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when it comes to community engagement,

and I would say these programs are often

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one of the many reasons why associates

join and stay with Capital Group.

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to put that into perspective.

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Today, over 80% of our associates

participate in our philanthropic giving

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programs, and last year we supported over

7,500 different nonprofit organizations

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and charities around the world.

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By virtue of the generosity and

engagement of our employees, we have

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this beautiful array of different

organizations in our communities around

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the world that we're able to support.

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Ryan: Alexis, that's fantastic.

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I feel as if there's this misconception

about the asset management or

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investment management space where

people, they just think, oh, they're

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in for the money and they don't

really care about the other thing.

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It's one of those mi.

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Big misconceptions out there

and I'm really glad to hear

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that the capital group.

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They are breaking that

misconception and doing a lot of

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great things in the community.

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Whether what we're gonna talk about

here shortly, financial literacy or

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just helping the communities and I

often, I hear that a lot people want

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their legacy to be, they want to

leave, leave the world a better place

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than when they came into this world.

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It feel as if I hear that a

lot, but it's harder to do.

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I think than what, people think

than to say, so I love what

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the Capital group is doing.

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Great stuff.

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And one of the other organizations

within the Capital Group that we talked

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about was the Community Wealth Council.

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Can you tell us more about it and how

did it come about and what the why?

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The focus is on financial literacy.

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Alexis Rosenblum, Capital Group:

Yes, de definitely.

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And I would say just building on your

point around we wanna do good, but how do

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we actually do that and how does it come

to life, I think in the financial industry

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and we, as we'll talk about came upon some

of this as we did our research to build

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the Community Wealth Council program is

there's a trust barrier with our industry.

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And so people who don't nec naturally

have access to the industry, know

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people who work in the industry have a

financial advisor, sometimes they don't

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think the system can work for them.

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And so part of what we're trying to do

with the Community Wealth Council and our

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other philanthropic programs is really

make those connections and advisors play

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a really important role as really engaged

and critical members of their communities.

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When we talk about the Community

Wealth Council, maybe we

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can start with what is it?

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Community Wealth Council is a

fellowship program that we have

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designed to equip nonprofit

leaders with financial education.

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So to your point.

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April Financial Literacy Awareness Month.

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This program, this is really

all about financial education

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and building financial literacy.

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but it's starting with the nonprofit

leaders as trusted members of their

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communities and empowering them so

that they can bring those resources

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to the communities that they serve.

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Each nonprofit who goes through this

program is paired with a financial

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advisor who is serving as a mentor.

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They are operating on a pro bono basis

and really working with the nonprofits

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to translate what they learn in the

classroom over a 10 month curriculum and

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kind of financial education bootcamp,

if you will, the financial advisor.

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the role of translating that into

actionable steps that the organization

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and the fellow can change, can take

to actually address the financial

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challenges that are facing the specific

community that they are serving.

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So in effect, it's a train the trainer

model where the idea is we amplify.

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Impact by empowering those trusted

leaders within the community.

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And that can have a multiplier impact in

terms of the number of people then they

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can reach and pass on that information

to in addition, I would also say that

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the nonprofit and advisor together,

again, pairing them, which is something

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that's really unique to this program,

is creating that bridge to trust

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that I mentioned earlier and really.

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Working to bridge the gap in trust and

relationships between those people in

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the community who really need our help

and the financial services industry.

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Now in terms of how did we get here?

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What, how, why did we create this

program and where did it come from?

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It actually goes back to those Capital

Cares programs that I mentioned earlier.

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So we have these really fantastic

philanthropic giving programs

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that empower our employees to get

involved with their communities.

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And make meaningful contributions.

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And it turns out that when you give a

bunch of financial professionals the

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opportunity to do community service

and you put resources in their hands

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to effectuate that, many of them will

want to use their financial skills

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and expertise to make an impact.

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So this kind of came out of a long

history of many of our associates.

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Teaching financial education in their

own unique way within their communities.

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And over time we realized, hey, there's

actually an opportunity here to be a bit

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more strategic and concerted in the work

that we're doing in financial education.

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And take this from one-off engagement

with different community-based

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organizations and turn it into something

that could be really scalable and

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bring to bear the expertise, the

relationships, and the capabilities.

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Of our industry to have

a more concerted impact.

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That's actually where I joined Capital

Group was right around that time

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when the light bulb went off that

we should probably put a program in

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place around financial education.

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And one of the real true gifts

that Capital Group gave me building

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this program is they actually

let me do research for two years.

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Before building anything.

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and I think for those of you who

know Capital Group, this might ring

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true in terms of capital group's

long-term approach and our tradition

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of really deep fundamental research.

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And so I was building the program

and my working with my team on this.

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Our leadership really encouraged

us to apply that same level

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of rigor and deep research and

analysis as we built this financial

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education, philanthropic program.

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So that was an incredible gift.

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It really gave us the opportunity to

dig into what are the root causes.

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Of lack of access and some of the

barriers that we see for our industry.

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And frankly, there's a lot of

financial education content out

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there, but why isn't it sticking?

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Why isn't it actually always helping

people in the way that we envision?

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Going back to your idea that, you.

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We might wanna be helpful, but

how do we actually do that?

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We spent a lot of time through that

research process, speaking with the

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employees within Capital Group who had

already been doing financial education

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in their communities and understanding

their experiences and learnings.

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But we knew that the the answers weren't

gonna be found within our corporate

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boardroom or within our four walls.

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We actually had to go out into the

community and ask of the community.

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What is the issue from their

perspective and how can we help?

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So we did a roadshow with community-based

organizations, really getting at

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some of these issues with them.

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And I would say two insights

really emanated from that.

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One was, financial education is not one

size fits all, and a rallying cry of,

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please stop just creating curriculums,

but actually help us answer the

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specific questions that we're trying.

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We need to.

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Solve for our specific communities.

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And I would say that actually was it

was a light bulb moment for the program,

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but also full circle for Capital

Group as a company who has conviction

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in the value of financial advice.

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We know one size fits all doesn't

work for financial advice, it doesn't

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work for financial education either.

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And so we had to find a

way to solve for that.

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that really became the rallying

cry that then helped us to build

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the Community Wealth Council.

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Ryan: Alexis, I think that's fantastic.

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That you brought up the trust.

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I'm gonna ask a quick question on that

follow up question about trust, but.

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Just the education part of it too.

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We talk, like I said,

talk about education.

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You're exactly right.

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Not the same investment product

isn't gonna be appropriate for

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the same people across the board.

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So it's interesting that education is

the same way that, you need to tailor

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the education to different people.

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So do you think like obviously

your program is helping break that.

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Lack of trust barrier or

building trust, I should say.

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It's helping build trust.

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Do you think we're getting to

a better spot in this industry

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where investors the public, they

are trusting the industry more?

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Alexis Rosenblum, Capital Group: So I

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it, it's still a persistent challenge.

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That's really one of the main things

that we heard from our research, right?

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That there's this trust barrier

when you don't know someone

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who works in the industry.

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I actually, in, in one of our

conversations with the community-based

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organizations that we're speaking

through the course of the research, I.

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Asked this question very innocently,

when do they, like they were mentioning,

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people come through our doors all

day long facing financial challenges.

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And so I said.

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When do they call financial advisors?

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And the answer very politely was

they don't, because that's not

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who their trusted network is.

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People who are in lower income, lower

socioeconomic status situations,

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the people that they go to when

they're facing financial challenges

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are the people they trust, which are

the people who are working for the

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nonprofit organizations providing

social services to their families,

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their educators, religious clergy.

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We heard a lot.

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About as well.

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And so that's really where this idea came

from, of if we can make the community

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leaders, the people who naturally

are the first call for members in

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underserved communities when they're

facing financial struggles, and we

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can make the connection with them to

people in our industry, specifically

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financial advisors, who can actually

help guide them to the right resources.

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And in many ways.

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Help them get to the right

answers in terms of the financial

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problems they're facing.

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We can build that trust.

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And so this we really see this program

as part of the solution, one step

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in that direction by just helping

people get to know each other and

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build those trusted relationships.

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Ryan: And also it's crazy in this

day and age about who to call, just

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who to pick up the phone and call

versus, email or something like that.

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That's what's most important.

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Just start that conversation.

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I love that you got two

years to do this research.

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I think that's fantastic.

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That Capital Group allows that.

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So you really got to talk to a

lot of different people Through

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your research, you mentioned

trust as being a big barrier.

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Is there anything else that during your

research and all those conversations that

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you felt was a barrier to building wealth?

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Alexis Rosenblum, Capital Group: For sure.

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Our research really boiled it down

to three key barriers that inhibit

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people from building wealth.

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First is financial resources.

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That's pretty obvious, right?

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If you don't have money,

it's hard to build wealth?

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and we need to help people feel

like it's not out of reach, right?

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We need to help them get started, even

if they can only save a small amount.

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There's also a hefty dose of getting

good jobs and good education, which

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is actually the focus of some of

our other philanthropic programs,

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but so financial resources.

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First barrier, second networks and trust.

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We talked about that.

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Not just who you know, but who

you trust and who you're gonna

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reach out to when you're facing

challenges, because that's how you're

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gonna get connected to resources.

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third piece I would focus

on is a knowledge barrier.

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And this is really where financial

education comes into play.

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It's not one size fits all, and I think

advisors will actually resonate with

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this well, which is that there's also

a real psychological and emotional.

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component when we talk about talking

about money and financial education.

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And I think money is hard to talk

about, even if you have money.

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It's also hard to talk about.

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It's very hard to talk about when you're

coming from an under-resourced background

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where money is often a source of trauma.

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Anxiety, fear, right?

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And specifically when we tailor financial

education to underserved communities, we

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have to think about it from that mindset.

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Where is the person

that we're speaking to?

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Where is the community that

we're speaking to starting from?

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And what is their story around money?

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We have to start there.

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And so actually in the

program, first module is about.

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The stories we tell ourselves about money

and how our fellows, our nonprofit fellows

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can leverage understanding their own

story about money to connect with others

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and really start meet them where they

are when it comes to financial education.

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And there again, I would say.

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The advisor skillset really a good

one when it comes to thinking about

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these topics because that's the type

of thing that advisors have to do

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every day to really meet the person

who's coming through their doors,

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where they are in terms of financial

planning and how to manage their money.

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Ryan: That's great.

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I don't know why, and like you said,

maybe, going back in history, but

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for some people, I think money is a,

I guess a five letter word, right?

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And it's you don't want to talk

about money, like how much you

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make, obviously, or stuff like that.

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And some people, it's

like for me, politics, I.

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Rather not talk about politics.

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Some people just don't

wanna talk about money.

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And like you said, maybe

that's the first barrier there.

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Or one of the barriers is just

let's have that conversation.

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It's not a five letter word anymore and

you should learn more about it in finance.

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Alexis Rosenblum, Capital Group:

I'm told that somewhere, way back in

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the Capital Group research, we had

a finding that talking about money

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is more taboo than death or divorce.

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There's there's, there is, and

we heard that a lot from, the

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nonprofit organizations working with

communities of a lot of families

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just don't talk about money.

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And so that avoiding it, avoiding

the discussion can really inhibit

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access to the information you

need to make the right decisions.

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Ryan: Yeah, that's a very good point.

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So you talked earlier about the,

just the education or the training.

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I believe it was a 10 month.

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Program in terms of training, who does

Capital Group put that training on?

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For the nonprofits to the organizations

or the financial, or is it training?

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They bring both sides together.

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Alexis Rosenblum, Capital Group:

So I would say I guess number

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one, we are not in this alone.

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So we have two incredible partners

who have, helped us to build

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a Community Wealth council.

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The first is the, an organization

called The Practice Space.

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And they're actually an organization that

empowers people through storytelling and

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public speaking and curriculum building.

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So they actually helped us build

this curriculum in a way that was

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designed to reach the audience

that is nonprofit leaders.

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So they played that role.

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And then the other incredible partner

we have with this program is the

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Foundation for Financial Planning.

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So many of your listeners

may be familiar with them.

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The Foundation for financial

Planning is really this nexus

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between the financial planning

industry and underserved communities.

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And their whole mission is around

connecting communities who need

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help to financial planners operating

in a pro bono on a pro bono basis.

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And they just have an

incredible understanding of.

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Community based organizations and

some of the challenges they face

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specifically around financial planning.

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And they have an incredible network of

financial advisors who are interested

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in doing financial pro bono financial

planning with their communities.

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And so they collectively those three

organizations helped us to build

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the program, the curriculum, and all

the resources and support that we

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give to the nonprofit organizations.

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Who do that foundation

for financial planning.

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Also, men manages the mentorship.

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The advisor mentor

component of the program

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Ryan: I had John on from the Foundation

of Financial Planning FFP year ago.

406

He's fantastic conversation, fantastic

organization, doing some great things.

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So let's talk about the nonprofits.

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You talk, a lot of times you mentioned

the religious clergy is one of the,

409

where some of these people, the

public, they don't have access to or

410

trust, they go to these organizations.

411

What are some of the other kinds of

nonprofits that are getting involved?

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Alexis Rosenblum, Capital Group: So

one of the very intentional aspects

413

of the Community Wealth Council

is that we designed it to be able

414

to help any nonprofit that needs

support on financial education and.

415

As we can probably all surmise,

money is often a root cause of

416

challenges for low socioeconomic

status in under-resourced communities.

417

So we have many different types of

organizations who have been interested

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in participating in the program

and really availing themselves to

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resources on financial education.

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To give you a sense of kind of what

this looks like in practice, our first

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cohort has 14 different nonprofit

fellows, nonprofit organizations who

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are participating in the program,

and they span the gamut from college

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access and scholarship programs,

civic and community centers.

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Children and family services, affordable

housing, career services, healthcare

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services and support for caregivers.

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So a very wide range of organizations,

and that's really intentional.

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I think this is also a great place to

highlight why financial education can't

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be one size fits all, because what's gonna

make sense for financial education for a

429

child who's turning 18 and aging out of

the foster care system for those children.

430

The government support

often shuts off then, right?

431

And they have to think about how can

they manage their finances on their own.

432

That's gonna be very different from

someone who has found themselves becoming

433

a caregiver for an elderly parent, and

needing to think about the financial

434

implications that come along with that.

435

So again, just.

436

As every, individual circumstances

and challenges are different when

437

it comes to finances, so to our,

the needs for financial education,

438

support from organizations serving

different communities and with

439

different types of support and

missions that they're working towards.

440

Ryan: I love it.

441

It's a great example of one size

doesn't fit all for education, financial

442

education, and I think that's try.

443

Do, in my research, add some

education pieces to it, but I assume

444

everyone's gonna, understand that

education that I'm trying to present.

445

But such a very good point

that you're presenting there.

446

Whose idea was it your idea, Alexis, to

involve financial advisors and clients?

447

How did that come about

and how was it evolving?

448

Was it yours, was it the team?

449

The council capital group?

450

Alexis Rosenblum, Capital Group:

Yeah, so not surprisingly, we

451

weren't the only ones who were

thinking about financial education.

452

And again, give.

453

Financial professionals, the

opportunity to engage with their

454

communities and guess what?

455

They're going to wanna use those skills

and focus on financial education.

456

No, this didn't arise

solely from Capital Group.

457

Our clients have also been very

interested and invested in the idea

458

of financial education for our commun.

459

As well.

460

So when I talk about that kind of two

year saga of research, we went on to

461

build the Community Wealth Council.

462

It was shaped by our research, our

engagement with community organizations,

463

but also by direct input from our clients

who are a big part of this as well.

464

Specifically, there's one group of

clients that is in a part of our

465

RIA advisory board, which is a group

that we formed several years ago to

466

provide feedback to capital group?

467

a mechanism for feedback, and

really help us to tailor our

468

support for the RIA community.

469

Interestingly, that group had

a lot of conversations about.

470

engagement, and they were one of the

catalysts that really helped us and

471

encourage us to focus on this topic and

define a meaningful role for advisors.

472

Specifically they talked a lot about

this longstanding gap in philanthropy

473

and they came around to this idea, which

I think makes a lot of sense, which is

474

that industry efforts go a lot further

than individual firms working alone.

475

And why everyone?

476

Why not work together instead of each

firm kind of recreating the wheel?

477

that was really the inspiration and the

idea behind this advisor as mentor model.

478

In this program, it led us to foundation

for financial planning as well, which I

479

mentioned is an incredible partner here.

480

And and I think that, industry

lens, this idea that it's not just

481

about one organization, but it's

about what we collectively can do

482

together is critically important.

483

Ryan: Yeah, that's great.

484

And I, you're exactly right.

485

So the whole, the sum of the parts is

greater than the individual parts here.

486

And if the industry can come together,

work together, it can just help.

487

Bring, education and financial

services to the people like you said,

488

that haven't had it unless maybe

it's through a 401k or some type of

489

employer based retirement account.

490

How can financial advisors, are they,

how can they leverage this program?

491

Where, who do they reach out to?

492

They reach out to you.

493

Capital group, do they go to FFP?

494

How can financial advisors leverage this

program to enhance that client experience?

495

Alexis Rosenblum, Capital Group:

Yeah, for sure.

496

So we're starting small and we're

growing as, as quickly and as much as we.

497

We can I will say one of the exciting

developments is that some of the

498

firms, some of the client firms that I

mentioned helped to inspire the program.

499

They're also actually joining

us and leaning into the

500

program to support it as well.

501

In terms of how you can get involved

if we've inspired you to wanna engage

502

with the Community Wealth Council

or maybe just in pro bono service in

503

general, finance foundation for financial

planning is the mechanism to do that.

504

For the first cohort of nonprofits

who went through the program

505

foundation for financial planning

really leaned into their network

506

and some of the more experienced

volunteers who have been engaging.

507

In a pro bono basis with their

communities for a long time.

508

and we are gonna continue to expand

the opportunities for mentorship as the

509

program expands and builds over time.

510

So definitely would encourage you to

check out the resources on FFPs websites.

511

There's, pro Bono planner match.org,

512

which is a free website that connects c fp

professionals to pro bono opportunities.

513

And there's also additional opportunities

that are listed on FFP pro bono.org.

514

and I guess I would also say, of course,

if your firm is interested in getting

515

involved and supporting this effort,

I would encourage them to reach out to

516

FFP or Capital Group contacts directly.

517

Ryan: So what, you mentioned this

earlier that advisors, some of

518

that feedback has been really good.

519

Like advisors wanna get involved and

they're interested in this and mentorship.

520

What kind of other feedback

are you getting from advisors?

521

What sparked their interest in getting

involved with this organization

522

and pro bono work and mentorship?

523

Alexis Rosenblum, Capital Group: For sure.

524

Yes, I would say with the Community

Wealth Council, our advisors have

525

definitely and told us that they're

having a really great experience

526

working alongside nonprofit leaders.

527

Brainstorming together and just

helping translate those financial

528

concepts is something that's basic

classroom learning into something

529

that's practical for their community.

530

So I think that kind of skills-based

oppor and volunteering opportunity

531

is something that's been really

meaningful to the advisors who

532

have participated in the program.

533

The other thing that I, has come

about from this that I think

534

is really interesting is that.

535

Many advisors and firms are seeing

this type of work again, whether

536

it's community wealth council or just

pro bono service in general, that.

537

This model of men mentoring advisors,

mentoring nonprofit organizations,

538

it's a professional growth opportunity

for advisors as well, particularly

539

those who are earlier in their

careers, while also strengthening

540

ties to their local communities.

541

So you know, specifically the

opportunity to engage with

542

populations of people you might not

come across in your everyday job.

543

Talk about.

544

financial issues than maybe are

coming up with your, main client base.

545

This is actually something that is

a rich skills building opportunity

546

as much as it is an opportunity

to have a positive impact.

547

Ryan: Yeah, that's great.

548

Alexis.

549

Lastly, for the thousands and thousands

of listeners out there and viewers,

550

they wanna get involved, they want

to help mentor, these organizations

551

and help their communities.

552

What does mentoring involve

and can anyone apply?

553

Can I apply?

554

Can who?

555

Who can apply?

556

Who can't?

557

Alexis Rosenblum, Capital Group: Yep.

558

This again really goes back to

foundation for financial planning.

559

They manage the re mentor recruitment

and training for advisors.

560

The way that the mentorship works in

practice is that mentors are assigned to

561

nonprofit organizations with whom they'll

work for the duration of the 10 months of

562

training that the nonprofit is getting.

563

They meet at least monthly

with their nonprofits, although

564

some do a lot more than that.

565

To really, again, take those classroom

learnings, those basic concepts,

566

budgeting and saving credit and debt

management, long-term investing, and

567

then translate that to, okay, how

does that actually work in practice

568

for the community that I'm serving?

569

I'm serving foster youth.

570

How do we think about that?

571

I'm serving caregivers.

572

How do we think about that?

573

I'm a college scholarship program.

574

What is, what do these topics mean

in practice for the students and

575

families I'm working with like I

mentioned, first cohort was really FFP

576

leaning into experience volunteers.

577

And as the program grows, we hope to make

more opportunities available through FFP.

578

In the future.

579

Again, I would also say even beyond

the Community Wealth Council, the

580

opportunity to do pro bono service is

critically important and very much needed.

581

And FFP has really incredible training

resources available on their website as

582

well for those who might wanna engage

with their communities, but maybe

583

aren't super clear on where to start.

584

FFP has great resources

and I believe actually.

585

Some, of the trainings they have

on their website are eligible for

586

continuing education credit, so

there's opportunity there as well.

587

Ryan: Some, you just mentioned

it, but where do you see

588

the program going, Alexis?

589

We going worldwide, we going really big.

590

And what are some of the kind of

impacts you're starting to see?

591

Alexis Rosenblum, Capital Group: Yeah.

592

I have to attribute this of my

incredible colleagues, Antonio

593

Bass who put it really well.

594

He said, we're not building a

program, we're building a movement.

595

For financial education.

596

And that's really what we're

striving to achieve here.

597

And we hope to inspire others and

really leverage this research-based

598

infrastructure that we've built

to spark broader industry-wide

599

engagement on this topic.

600

I will say also this idea isn't

just in the us it's actually

601

resonating outside the US as well.

602

So Capital Group recently launched a

vir, a similar program in the uk and

603

we're just incredibly excited for how

this global movement can grow from here.

604

Ryan: Wow, Alexis, I love it.

605

And can I steal that line?

606

Caring from your colleague

about, you're not building a

607

program and building a movement.

608

Can I take that?

609

Alexis Rosenblum, Capital Group:

Of course, go for it.

610

I love it.

611

Ryan: Alexis, such a great conversation

on such a very important topic, and you

612

guys are doing such great stuff there.

613

Thank you.

614

Thank you for everything

you're doing to help.

615

I don't know if underserved is

the right, word, but just the

616

people that could use help.

617

Right and in they're, a little too

timid or afraid or just don't have

618

the trust to pick up the phone

and call their local advisors.

619

So great stuff.

620

Alexis, thank you so much

for coming on the show.

621

It really is fun conversation

and an honor to have you on.

622

Where can our audience get more

information about Capital Group

623

and then more specifically,

community Wealth Council?

624

Alexis Rosenblum, Capital Group:

So I would encourage you to

625

take a [email protected]

626

for more information on

Capital Group and the program.

627

Ryan: Perfect.

628

Awesome.

629

Alexis, thank you so much and thank you

everyone for listening to this episode

630

is Zephyr's Adjusted for Risk Podcast.

631

You can watch all of our other episodes on

the Zephyr YouTube channel and on Spotify.

632

Please remember to like and

subscribe to those channels and

633

give us a follow on LinkedIn.

634

Thank you very much and have

a great rest of your week.