January 17

Tiedemann Advisors to Offer an Impact-Investing Cash Solution

By Fang Block

Tiedemann Advisors is offering a new program to help clients put their cash to work in impact investment, the New York-based independent investment and wealth advisors announced on Wednesday.

This program, called FICA (short for Federally Insured Cash Account) Impact, will allow investors to invest in more than 700 community banks across the U.S.. The banks will use the funds to give loans and support community reinvestment programs to create jobs, build infrastructure and schools, and expand social programs, according to Brad Harrison, managing director at Tiedemann.

Photo courtesy of 12019.

Source: Barron's (link opens in a new window)

impact investing, philanthropy, urban development