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Pathway Financial Education, born of a vision to improve business-education skills and financial literacy in a part of the city where they are needed most, became a reality this morning. With a cadre of dignitaries on hand at 18th and Vine–including public officials, business executives and funders–organizers cut the ribbon on the new facility that will offer services at no cost to aspiring business owners and individuals.
“Pathway Financial Education is a response to a clarion call to address inequities in our society and particularly in under-served communities,” said Peter Mallouk, the president and CEO of wealth-management advisory Creative Planning. “By creating access to comprehensive financial education and highly credentialed instructors, we hope to narrow the gap of inequity.”
Mallouk turned to Vince Clark, his firm’s director of development, to champion the creation of Pathway. Clark will continue to serve as Pathway’s director and hold a seat on its board. The need to address small-business development, as well as individual financial literacy, he said, was “a critical need to address because it connects to many other issues, as well as opportunities. We look forward to delivering realistic and practical financial education to the community and helping it achieve financial sustainability and independence.”
With the pump primed by Creative Planning and the Mallouk Family Foundation, Mallouk marshaled support for the project from JE Dunn Construction, Royals Charities, Blackrock, Inc., Dimensional Fund Advisors, and the Opus Group. Those five, he noted, were the only organizations approached, and all were quickly on board.
The Pathway program will include a curriculum that features in-person instruction, on-demand videos, webinars and streaming courses. You can learn more about the organization at www.pathwayeducation.org.
