NOVEMBER NEWSLETTER | We’re Grateful To Do This Work

Hi friends,

As days become shorter and darker, there are still many points of light to feel grateful for (in this and every month).

At Modernist, we completed the B Corp recertification process (no small feat!), doubling down on our commitment to be a force of good within our industry…and our team exceeded our goals in the process! 💫 We also received a philanthropy award for aligning our Generosity Plan with Seeding Justice’s rad innovations (watch Georgia’s speech below).

We’re reveling in these recent wins and strategizing what’s ahead for the firm in 2024.

In gratitude and care,

Georgia + Team Modernist


investment insights

Q3 Market Commentary from our Investment Committee

 

STRUCTURE YOUR WEALTH AROUND YOUR VALUES

We’re thrilled that Modernist was recertified as a B Corp… at 131.1, our highest score yet! We improved in Customer and Community — since our last assessment we’ve:

🐝 Implemented a purchasing program to support local suppliers with diverse ownership
🐝 Created a process to track workforce diversity
🐝 Conducted a pay equity analysis that has become policy
🐝 Updated our Investment Methodology to include practices to evaluate social and environmental criteria—helping us increase the % of ESG screened assets under management from 1-25% to 25-49%!

Huge high fives to Josh and Alejandra on our team for leading the recertification effort! 👏

 

modernist TAKES it outside

Modernist won an Innovation in Philanthropy award at PBJ’s recent Corporate Philanthropy Awards!

We were recognized as the first business to create a Donor-in-Movement Fund with Seeding Justice. Aligning with their radical approach to philanthropy is now a core structure of our Generosity Plan!

🎙 As Georgia shared from the stage:

“We know that most people with the means to be philanthropic are operating inside inequitable systems that are long overdue for reparations. What could we each do to rework our generosity? To start healing the inequitable structures inherent to American philanthropy?”

 

FUND YOUR HEROES

We love Portland’s Willamette Week Give!Guide, an annual drive to generosity using fun incentives to discover and then donate to local nonprofits, with a focus on cultivating a new generation of donors.

Donate now through 12/31/23 to win fun prizes!

 

There are so many struggles and injustices that need support right now. We recommend finding an issue that resonates with YOU and then taking action.

Here are some resources to help guide you:

💛 Charity Rating has information on top humanitarian aid orgs in Israel/Palestine
💛 Independent Journalism Fund from the rad folks at the Tides Foundation
💛 Our 2022 blog post on resources to support Ukraine (thank you Katia!)



A Song That is Really About CONSCIOUS CAPITALISM

The Flaming Lips “Yoshimi Battles the Pink Robots Pt. 1”

The Flaming Lips' classic concept album Yoshimi Battles the Pink Robots tells the story of Yoshimi the kung-fu master who battles the Pink Robots to save all of humanity. Sounds like a B Corp fighting the battle of conscious capitalism to us!

Oh, Yoshimi, they don't believe me / But you won’t let those robots eat me
Yoshimi, they don't believe me / But you won't let those robots defeat me

Those evil-natured robots (I'll get you, Yoshimi) / They're programmed to destroy us
She's gotta be strong to fight them / So she's takin‘ lots of vitamins


Also from this album: one of the sweetest love songs out there, Do You Realize? Enjoy!

 
 

INFORMATION PROVIDED IN THIS LETTER IS FOR EDUCATIONAL PURPOSES ONLY. TO DISCUSS ANYTHING IN THIS NEWSLETTER OR YOUR ACCOUNT, PLEASE CONTACT US AT HELLO@MODERNISTFINANCIAL.COM.

VIEWS AND OPINIONS ARE SUBJECT TO CHANGE AT ANY TIME BASED ON MARKET AND OTHER CONDITIONS. THE INFORMATION PROVIDED DOES NOT CONSTITUTE INVESTMENT ADVICE AND IT SHOULD NOT BE RELIED ON AS SUCH. IT SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR AN OFFER TO SELL A SECURITY. IT DOES NOT TAKE INTO ACCOUNT ANY INVESTOR'S PARTICULAR INVESTMENT OBJECTIVES, STRATEGIES, TAX STATUS OR INVESTMENT HORIZON. YOU SHOULD CONSULT YOUR TAX AND FINANCIAL ADVISOR. ALL MATERIAL HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE. THERE IS NO REPRESENTATION OR WARRANTY AS TO THE ACCURACY OF THE INFORMATION AND MODERNIST FINANCIAL, LLC SHALL HAVE NO LIABILITY FOR DECISIONS BASED ON SUCH INFORMATION. RISK ASSOCIATED WITH EQUITY INVESTING INCLUDE STOCK VALUES WHICH MAY FLUCTUATE IN RESPONSE TO THE ACTIVITIES OF INDIVIDUAL COMPANIES AND GENERAL MARKET AND ECONOMIC CONDITIONS. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS.

MODERNIST FINANCIAL, LLC ("MODERNIST") IS A REGISTERED INVESTMENT ADVISOR WITH THE STATE OF OREGON FOUNDED BY GEORGIA LEE HUSSEY, CFP®, IN LOVELY PORTLAND, OREGON. MODERNIST PROVIDES INVESTMENT ADVISORY AND RELATED SERVICES FOR CLIENTS NATIONALLY. MODERNIST WILL MAINTAIN ALL APPLICABLE REGISTRATION AND LICENSES.

Previous
Previous

DECEMBER NEWSLETTER | 2023 Reflections for 2024 Recalibration

Next
Next

Paperwork Makes the Dream Work: 2023 Year End Deadlines + New 2024 Plan Contribution Limits