BOSTON, March 24, 2014 /PRNewswire/ -- The Colony Group has announced that its Vice Chair, Robert Glovsky, has been appointed by President Obama to the President's Advisory Council on Financial Capability for Young Americans. Mr. Glovsky is currently the only practicing advisor appointed to the council. This bipartisan council will advise the President and the Secretary of the Treasury on how to promote and build financial capability among young Americans at an early age through schools, families, communities, and the workplace, including through the use of technology. The council is comprised of the Secretary of the Treasury, the Secretary of Education, the Director of the Consumer Financial Protection Bureau, and up to 22 non-governmental members.
A financial services practitioner for over 35 years, Mr. Glovsky knows that practical guidance is a necessary component of effective education, and he believes that it is critical to join access to information with real-world decision-making. In his newly appointed role on the council, he hopes to contribute to work that not only will inform and educate young Americans on financial matters but also will motivate them to plan for and take measurable steps towards financial goals.
"Today's young Americans face high education-related debt and credit card balances and need to learn how to be financially independent and secure rather than relying on their parents or the government," said Mr. Glovsky. "I am honored to have been appointed by President Obama to this Advisory Council and to have the opportunity to educate our country's youth on important financial issues."
Mr. Glovsky understands the increasing importance of educating Americans, especially its youth, on financial subjects such as debt, savings, investments, and financial independence. For 10 years he appeared on Boston radio to answer financial questions for individuals and families. Together with his wife, he is creating and endowing a financial literacy program for high school seniors in an effort to give them an understanding of financial topics such as credit card debt and student loans. Mr. Glovsky is the Director Emeritus of Boston University's Financial Planning Program, the largest CFP® Board registered program in New England and one of the largest in the country. He was honored in 2010 for his service, and the Robert J. Glovsky Scholarship Fund was created to help fund financial planning education for qualified candidates choosing to assist underserved populations. He served as 2010 Chair of the Board of Directors on the Certified Financial Planner Board of Standards. He also has served as Chair of the Board of Examiners on the Certified Financial Planner Board of Standards, which sets standards for financial planning professionals worldwide.
For more information, please see the official White House press release here.
About The Colony Group, LLC
The Colony Group, LLC is an independent, fee-only, wealth management company with over $3.3 billion in assets under management and offices in Massachusetts, New York, and Florida. Founded in 1986, The Colony Group, with nearly 70 employees, provides high-net-worth individuals and families, corporate executives, professionals, and institutions with deep expertise that goes beyond investment management and also encompasses the full suite of financial counseling services, including tax, estate, retirement, and philanthropic planning, asset allocation, and cash and risk management. For more information, please visit www.thecolonygroup.com.
Rachel L. Cambio
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SOURCE The Colony Group, LLC