To close the financial literacy gap by imparting financial knowledge without conflicts of interest, thereby improving the lives of the current and future investing public, the credibility of our industry and ultimately, the stability of our economy.
CFA Society Boston’s Financial Literacy Initiative is a community outreach program designed to consolidate valuable financial literacy content and make it widely available as a resource to the general investing public. We strike alliances with non-profit groups, leveraging their reach to access a wide variety of audiences, from late high school onward. Since its inception in 2014, the initiative has grown year-over-year in multiple ways:
- Member engagement
- Active non-profit alliances
- Number of lives touched
Now, more than 80 CFA Society Boston members – all financial professionals – volunteer to develop, market, and distribute educational modules to improve financial literacy The initiative is topic-driven and targets people of all ages and backgrounds. The program addresses issues such as Personal Finance, Basics of Investing, Retirement, Bonds vs. Equities, Choosing a Bank, and more. It is so heartwarming to see the enthusiasm of both our volunteers and our audiences. We are truly making a difference in people’s lives, helping us to fulfill the CFA Society Boston mission of “serving the investing public.”
Our model assigns a volunteer leader to each non-profit alliance. Each leader cultivates relationships with non-profit alliances, helps to determine the financial literacy needs of the alliance's constituents, directs a team to develop content (or adapt existing content), and schedules presentations. This structure helps to delegate efforts across our volunteer base and keep the initiative scalable.
CFA Society Boston volunteers actively engage with members of the investing public ranging from high school students to senior citizens. Whether conducting a 12-part series for Boston Public Schools via Private Industry Council, participating in a Financial Literacy Fair with Year Up, teaching finance and investment concepts to Invest In Girls' high school students, helping New Sector Alliance fellows understand taxes, or discussing retirement with senior citizens at local libraries, our volunteers are helping to bridge the financial literacy gap.
- Boston PIC (Private Industry Council)
The mission of the Boston PIC is to strengthen Boston's communities and its workforce by connecting youth and adults with education and employment opportunities that align with the needs of area employers.
- Year Up
Year Up is a one-year, intensive training program that provides low-income young adults, ages 18-24, with a combination of hands-on skills development, coursework eligible for college credit, corporate internships, and wraparound support.
- Invest In Girls
Invest in Girls teaches high school girls financial concepts, exposes them to professional women role models, and introduces them to financial services companies and career paths in finance to empower them to become tomorrow's leaders.
- New Sector Alliance
New Sector’s fellowship programs bring together cohorts of highly-motivated, skilled early career professionals to pursue their commitment to working in the social sector. Fellows serve full-time building a nonprofit organization’s capacity and participate in training, mentoring, and coaching activities.
- YNPN (Young Nonprofit Professionals Network)
YNPN's goal is to develop a stronger, higher impact nonprofit community by engaging young talent and their organizations in professional development and human capital management practices. Their vision is that one day, Boston’s nonprofit community (where individuals and organizations are working together) will have a continuous pipeline of diverse, highly engaged individuals who help to realize the sector’s full potential for impact.
- Alliances in the works
Currently, CFA Society Boston volunteers are in discussions to broaden our reach with potential alliances such as:
- Pine Street Inn
- Cathedral School
Director of Marketing and Communications, CFA Boston