The Financial Services Pipeline (FSP) initiative is a partnership that financial services firms created in 2014 to increase the representation of African Americans and Latinos in their sector. The Chicago Community Trust and the Federal Reserve Bank of Chicago were also integral to its formation. The FSP brings together about 18 financial services companies, from big banks to small investment firms, to identify and implement shared strategies to advance their goal of greater diversity and inclusion. Those strategies include increasing young adult awareness of career pathways in financial services (Career Pathways Toolkit), increasing the diversity of hiring sources for FSP firms, and increasing the cultural competency of the firms themselves.
The pooled resources that support the FSP’s activities are administered through a Donor Advised Fund at the Chicago Community Trust, which the Funder Alliance is responsible for staffing. The CWFA Executive Director also serves as Treasurer of the FSP Steering Committee.
For more information about the FSP:
- Visit its web site
- Download this infographic
- View this video