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Financial services industry fails to earn trust of majority of Black women

American College of Financial Services study finds Black women experience discrimination and difficulty accessing wealth-building tools.

By Alan Goforth | November 15, 2021 at 03:05 PM

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The financial services industry is missing an opportunity to meet the needs of Black women.

Three in five Black women expressed difficulty in finding financial professionals or advisors they trust. That’s according to findings of the initial Black Women, Trust and the Financial Services Industry study conducted by The American College Center for Economic Empowerment and Equality.

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