Welcome to the Net Positive Consortium
Our Story
The world is a complex place with increased repercussions for how money is managed and spent, but that there is increasing opportunity for industry leaders to positively influence these outcomes in service of our clients and communities.
Inspired by the idea of creating a net positive movement in the wealth management industry after reading the book Net Positive: How Courageous Companies Thrive by Giving More Than They Take by authors Paul Polman and Andrew Winston, wealth management industry leaders got together to form the Net Positive Consortium in Wealth Management.
Today, the Net Positive Consortium in Wealth Management is proud to represent many forward-looking organizations from the RIA and wealth management industry, who support net positive related initiatives and pledges independently at their firms – and who want to make an even greater impact by joining together in a unique quest.
A net positive company “improves well-being for everyone it impacts and at all scales—every product, every operation, every region and country, and for every stakeholder, including employees, suppliers, communities, customers, and even future generations and the planet itself.”
Five Key Pillars
Community
This pillar encourages firms to support local communities and important causes through charitable giving, volunteering, or partnerships with nonprofit organizations.
Clients
This pillar encourages firms to focus on client education and support, particularly around themes such as financial literacy, impact investing, and charitable giving.
Team Members
This pillar focuses on creating a workplace culture that supports the holistic well-being of employees, both present and future.
Our Industry
This pillar challenges firms to pay it forward by giving back to the profession that has enabled their success by mentoring young advisors, offering student internships, or sharing knowledge at industry conferences.
The Planet
Sustainability is central to the long-term well-being of our planet, and firms can play a crucial role in environmental stewardship. This pillar is about intentional efforts to minimize your environmental footprint
Our Pledge
- We will be a net positive company, giving more to the world than we take.
- We will be a stakeholder company committed to improving the well-being of everyone we impact, including our clients, employees, communities, business partners, industry, investors, future generations, and the planet.
- We will share our learnings, best practices, and outcomes with the RIA profession and the wealth management ecosystem to inspire others to become net positive firms, as well.
Founding Member Firms
Financial Advisory Firms
Solution Providers
Advisory Partners
Frequently Asked Questions (FAQs)
How can my firm join the Net Positive Consortium?
To be come an official member, firms need to take a few important steps:
- Begin by completing our Inventory Assessment, which helps document your firm’s current practices.
- Take the pledge to meet our recommended minimum standards, demonstrating your dedication to our mission.
- Implement at least three initiatives or programs within our five key pillars (Community, Clients, Team Members, Our Industry, and the Planet) and look for opportunities to grow through your involvement with the NPC.
- Agree to our official NPC pledge – and proudly display your commitment on your firm’s website.
- Continuously look to increase this through their involvement with the NPC.
- Contribute to the NPCWM fund, which helps create and promote resources that align with our goals.
What are the benefits of being a member of the Net Positive Consortium in Wealth Management?
As a member of the NPC, your firm can:
- Play an active role in positively shaping both our industry and the world by committing to giving more than we take.
- Join “study groups” with other like-minded firms to advance your firm’s initiatives and share best practices.
- Highlight your involvement to attract and inspire both current and future team members.
- Contribute your personal stories and successful initiatives to the resources we create and share with the community.
- Access a one-hour “Getting Started” webinar hosted by founding member firms, with direct mentoring and Q&A opportunities.
What if my firm is more in the aspirational stage vs showcasing actual programs – can we still become a member?
- Absolutely! Even if your firm is in the early stages, you can still join. Membership requires that you’re actively supporting at least three initiatives within the five pillars, which will be identified through the assessment you submit.
What are the fees associated with becoming a member of the Net Positive Consortium?
While the use of resources created is free of charge to any interested firm, to become an official “member,”
there is an annual fee:
RIA or Financial Advisory Firms:
- Under $250 AUM: $1500 annually
- $250-$750 AUM: $2500 annually
- $750AUM-$2.5B AUM: $3500 annually
- Over $2.5B AUM: $5000 annually
Solution Providers (limited availability)
- Under $1 Million in Revenue: $500
- $1M-$5M in Revenue: $2500
- $5M-$10M in Revenue: $5000
- $10M+ in Revenue: $7500