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2017 Assets Matter Annual Symposium

November 2, 2017

November 2, 2017 at Preservation Park, Oakland 

Register Now!

Co-hosted by CABC and Bay Area Asset Funders Network (BA AFN)

The purpose of the 2017 Assets Matter Symposium is to generate new ideas and highlight innovative strategies across a range of topics (products, services, issue areas, policies, populations served) in the asset building and financial empowerment fields in California. CABC and BA AFN will feature the innovative work of nonprofits, government agencies, and private sector organizations at the Symposium.

Keynote Speaker

Anne Price

President, Insight

Anne has spent over 20 years working in the public sector on issues including child welfare, hunger, welfare reform, workforce development, community development, and higher education. Since 2011, Anne has led the Closing the Racial Wealth Gap initiative at the Insight Center, elevating the voices and opinions of experts of color in national economic debates and policy making. Her tireless work has brought the issue of the racial wealth gap into mainstream consciousness and vernacular with an explosion of media coverage of the data and research quantifying racial differences in wealth accumulation.

Symposium Agenda

  • 8:30 am – 9 am Registration and Breakfast
  • 9 am – 10 am Opening Plenary and Keynote
  • 10:15 am – 11:30 am Session 1
  • 11:30 am – 12:45 pm Networking Lunch (including a legislative update)
  • 1:00 pm – 2:15 pm Session 2
  • 2:30 pm – 3:45 pm  Non-Funders Only Session
  • 2:30 pm – 4:00 pm Funders Only Session
  • 4 pm – 5:30 pm Networking Reception

Panel Schedule and Descriptions

Session 1 (10:15 — 11:30)

Financial Coaching: Raising the Bar by United Way of California Capital Region, University of Wisconsin-Madison Center for Financial Security and Sage Financial Solutions

Financial coaching has gained national recognition as a strategy that can help people build financial capability and security. Yet within this advancing field of practice, many questions remain regarding the size of the field, effectiveness of financial coaching programs, measuring success and how to professionalize the field.  

Professionalization of the field is a growing movement that holds great promise for increasing the quality and impact of the work.  The legitimacy that comes with accredited certifications can also create the broad public trust necessary to bring the work to scale, resulting in more opportunity for households to build long-term financial wellness.  But what does it actually take to do this?  Join us as we hear about local efforts by one organization to professionalize the field in its local market. We will also learn what it takes to get through a rigorous financial coaching certification both from an organization implementing the certification program as well as a participant who has gone through the program.

This session will also highlight the most recent Financial Coaching census, which addresses key questions about the state of financial coaching in California as well efforts to professionalize the field. Key questions we will address include:

  •   How is financial coaching being implemented in the state?
  •   How do organizations, coaches, and funders measure success?
  •   And what is needed to support more effective implementation?
  •   What, if any, standards exist for financial coaches or financial coaching?
  •   What’s next for the financial coaching field?

Whether you are a practitioner thinking about certification, a non-profit organization wishing to build the capacity of financial coaches in your local community or a funder considering funding professionalization of the field, this is the session for you!

Simple to Sophisticated: Leveraging the Workplace to Build Financial Capability by Community Financial Resources and Commonwealth

One of the greatest challenges of any program designed to help build the financial capabilities, resilience, and assets of people is finding the right time and place to engage with them.  People spend a large part of their lives preparing for and participating in the workforce. During this panel, representatives from Community Financial Resources, Commonwealth, and CEO, Inc. will discuss how to develop various delivery channels for workplace asset-building initiatives. Solutions range from simple to sophisticated; they may leverage existing employer infrastructures or require larger systemic change. Panel speakers will share recent research into worker preferences and financial behavior, pointers on how to adjust and refine content for specific audiences, how to leverage behavioral economics in program design, and how to collect data and analyze outcomes.

Youth Financial Empowerment Strategies by Youth Policy Institute, Oakland Promise, and MyPath

Join our panel to explore the range of financial products and services being provided to assure that youth are ready for kindergarten, graduate high school, succeed in college and overcome barriers in their pursuit of careers. Topics will include partnering with financial institutions, choosing the right account structure, savings incentives and financial education throughout the youth life cycle.

Affordable Housing as a Key Financial Indicator and Asset-Building Tool by Mission Economic Development Agency and People of Color Sustainable Housing Network

Affordable housing can be an important asset-building tool, but we do not often include it in conversations regarding key financial indicators. However, in California’s housing market, permanent affordable rental housing (BMR, rental, nonprofit-owned, etc) must be considered an asset.  Join our panel for a discussion on how the asset-building field can improve adaptation and usage of this strategy as part of their asset-building programs. We will review current efforts and provide best practices and lessons learned that can be helpful in high cost markets in California and nationwide.

Asset Protection: How Fines, Fees, and Financial Penalties Strip Asset Building for Low-Income Californians by San Francisco Financial Justice Project, The City and County of San Francisco

The Asset Building community knows that lenders can be predatory. Unfortunately, government can be predatory too. State and local governments and courts throughout California administer fines, fees, and financial penalties that can strip resources and wealth from Californians that cannot afford to lose them. Some of the biggest culprits throughout California include money bail, child support debt, criminal justice fines and fees, some of the priciest traffic and parking tickets in the nation. The good news is that people across California are spearheading solutions at the local and state levels. Big progress was made over this past year but there is much work to be done. Come learn more about the pernicious problem of fines and fees, doable solutions, and how you can get involved.

Session 2 (1:00 — 2:15)

The Health and Wealth Connection by Asset Funders Network 

During this interactive session we will review Asset Funder’s Network (AFN’s) recently released report: The Health and Wealth Connection: Opportunities for Investment Across the Life Course Brief which explores how health and wealth are connected and illustrates how health impacts are more significant for low-income, vulnerable populations particularly people of color. Audience members will hear first-hand about the data and research which considers the social determinants of health and makes a fact-based and compelling case for investment in strategies, policies and programs that consider both the physical well-being and economic stability of individuals, families, and communities.

The Retirement Savings Crisis by AARP, SEIU-Cal, California Secure Choice Retirement Savings Program and UnidosUS

There are more than a third of current workers (36%) and about half of retirees (49%) have less than $25,000 in savings and investments. This panel will lay out the extent of the retirement crisis in California highlighting AARP’s report; California Dreaming or Struggling in addition to exploring the cost side of the retirement crisis and how cuts to federal programs will severely harm and worsen the crisis. The panel will then move to the solution, with a discussion of California’s new Secure Choice Retirement Savings Program and how you can help spread the word.

Pivoting to Meet the Need by EARN and Mission Asset Fund

The panel will provide two successful and impactful examples of how organizations, EARN and Mission Asset Fund, were able to maintain flexible programming to meet the needs of the communities they work with. EARN will share the success of SaverLife, a match savings program, and how the insight of the Bay Area program results informed the program design to be scaled nationally. Mission Asset Fund will discuss the details of how they were able to move quickly to launch the DACA renewal fund in a time of crisis.

From Self-Employed to Worker-Owned: Discussing the Implications of New Era Workforce on Asset Building by California Association for Micro Enterprise Opportunity, Sustainable Economies Law Center and Project Equity

Join this session to hear from experts on the changing nature of work and how that is expanding or limiting opportunities to build wealth and assets. Many people that are venturing into self-employment are challenged with managing multiple income streams, navigating technology changes and accelerating a business that generates revenue and builds wealth. At the same time, many existing businesses are considering the next phase of their growth and considering worker-ownership as a viable alternative to shutting their doors. Learn more from three organizations helping low- and middle-income entrepreneurs navigate an increasingly tech- and gig-oriented economy.

Fighting Displacement Locally by California Reinvestment Coalition and Housing and Economic Rights Advocates

When responsible community investment occurs, families have access to safe, affordable financial services; low-income residents have secure, affordable housing and a pathway to homeownership; and small businesses have access to affordable credit. With equal access to capital and credit, people of color can hand down assets (such as homes and businesses) between generations to help close the racial wealth gap. California Reinvestment Coalition and Eviction Mapping Project will discuss their mapping tool that depicts displacement of primarily low to moderate income residents and small businesses in Oakland and their campaign to prevent further displacement. Housing and Economic Rights Advocates will discuss their success and strategies of supporting homeownership through advocacy and counseling.

Session 3

Non-Funders Only Session: 2:30 — 3:45

California EITC Expansion and Beyond: Policies that Provide Cash Assistance and Wealth-Creation Opportunities for Californians by California Budget and Policy Center

This panel will explore options for CA EITC expansion and how cash assistance programs such as Universal Basic Income can work to end poverty and create wealth.

Funders Only Session: 2:30 — 4:00

By Bay Area Asset Funders Network


November 2, 2017


Preservation Park, Oakland
1233 Preservation Parkway
Oakland, CA 94612 United States
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