Two Women of Color Combine Firms to Launch an Inclusive Practice

Asia Martin of Wealth Management writes on how Rianka Dorsainvil and Lazetta Braxton have merged their practices to create a virtual firm that moves away from 'assimilation and lip service.'



Rianka Dorsainvil, a financial advisor and the producer and host of the 2050 Trailblazers podcast, merged her financial planning practice with that of financial planner Lazetta Braxton to create the registered investment advisory firm 2050 Wealth Partners, the women announced Monday.


“Rianka and I have been very active in helping firms gain and retain talent. So, we are saying that not only are we going to give voice, we’re going to help model it,” said Braxton.


Rianka Dorsainvil, a financial advisor and the producer and host of the 2050 Trailblazers podcast, merged her financial planning practice with that of financial planner Lazetta Braxton to create the registered investment advisory firm 2050 Wealth Partners, the women announced Monday.


“Rianka and I have been very active in helping firms gain and retain talent. So, we are saying that not only are we going to give voice, we’re going to help model it,” said Braxton.


The two women aim to provide accessible financial resources to diverse communities by building a 100% virtual advisory firm. They want to ensure there are opportunities for all individuals, including those from communities traditionally overlooked by the financial services industry, to have access to the financial planning profession. There is a clear need: The CFP Board Center for Financial Planning’s 2018 report on the racial demographics of CFP designees shows that less than 3.5% of the industry are black or Latino.


A virtual practice—without a brick-and-mortar location—gives the co-CEOs leeway to hire talent wherever they can find it and serve clients all over the world. 2050 Wealth Partner’s target clients are individuals and families transitioning from employees to entrepreneurs, first-generation wealth builders, professionals, and the "sandwich generation," Gen Xers caring for both parents and children simultaneously.


Read the full article on WealthManagement.com