Earlier this year I had the pleasure of attending Momentum Nonprofit Partners’ Conference – it was an insightful event, especially through the lens of someone working in finance. The speaker mentioned the term “bizsplaining”, as an act where financial professionals interject in a non-profit’s plan that the non-profit’s intended actions are not prudent or economical – usually also attempting to condescendingly educate non-profits on basic business (this is where the “biz” comes from) principles. Though the for-profit and not-for-profit sectors have long been seen as opposites and ill-fit in common philosophy, I believe that a valuable relationship can come from a non-profit utilizing the services of a financial advisor (free of “bizsplaining” of course).
As an employee at a financial advising firm, however, I have seen how non-profits and financial planners can work together for the benefit of each other, and ultimately, the benefit of the community. Here are a few reasons why:
Mary A. Phan | Investment Analyst