Wealth and investment expert David Dawkins puts decades of industry experience to good use

Orlando, Florida – This week on “Blackmen Sundays,” host Corey Murray interviews David Dawkins.

Mr. Dawkins has more than 35 years of experience in the financial industry, serving as the first African American to serve on Wells Fargo Advisors’ operating committee and is currently Managing Director of National Sales in the firm’s Wealth and Investment Management division. He serves as a director.

“It’s important to talk about investing and building wealth, especially in our communities. You know, today I’m going to talk about the state of Black wealth. You know, I call this ‘Black wealth opportunity.’ is. I think you should be very aware of that when I’m speaking in the audience. “When it comes to these types of topics, we recognize the importance of discussing the facts facing Black wealth, but we also recognize that some people may feel uncomfortable talking about disparities,” Dawkins said. he said. “They were sometimes alarmed when they looked at the data, but more often than not I felt that what I had to say was not very hopeful, so I have been working hard over the years to understand the wealth disparities in our community. We have been dedicated to finding ways to share hope and strength as we speak about our lives.”

[EXCLUSIVE: Become a News 6 Insider (it’s FREE) | PINIT! Share your photos]

Mr. Dawkins told Mr. Murray about growing up in the projects of the South Bronx, where $100 was a lot of money at the time.

“And this ‘$100 is a lot of money’ guy ends up on Wall Street as a career. I won’t go into how he got there because it’s a long story, but the bottom line is: “That’s how I got there and that I live and work on a project that advises wealthy people across the country on how to build and manage their wealth,” he said.

One of the first lessons Dawkins learned in the industry, he said, was that most of his clients weren’t trust fund babies.

“They weren’t business owners or business executives or professionals, they weren’t athletes or entertainers, and they certainly weren’t lottery winners. These were moms who were very disciplined and took the time to take advantage of expert advice. I am often asked how many athletes and entertainers there are when I share this data. The truth is, there aren’t that many people in our community who are athletes or entertainers, I promise you, just people who are extremely talented. “I am disciplined about building wealth over time,” he said.

Another point discussed at the beginning was that Dawkins recognized and respected the power of time and praised the importance of early investment.

“If you had invested that $1,000 back in 1979, you would have $38,000 today. That’s important. That’s $1,000, but today you have $38,000. If you systematically saved in units, or at least in years, how much power would that dollar have today?” Dawkins said. “During that time, as you said, we had a president, we had an assassination attempt, we had a war, we had a pandemic, all kinds of things happened, everything that happened” — in America, anyway — People were surprised. The world was heading toward Hades in a basket, but if you had followed a disciplined approach to saving and accumulating wealth over the same period of time, $1,000 would have become $38,000, and $1 million would have become $38 million today. I did. That is the importance of time. ”

You can watch the full interview on “Blackmen Sundays,” Season 4, Episode 3.

black men sunday We talk about building intergenerational wealth. Check out each episode in the media player below.