This press release was originally published on Business Wire.
CHICAGO–(BUSINESS WIRE)–Pekin Hardy Strauss Wealth Management, a Chicago-based independent investment adviser, has partnered with Self-Help Federal Credit Union to provide much-needed capital to underserved neighborhoods in Chicago. Through the creation of a special term certificate offering, Pekin Hardy Strauss clients and employees raised more than $1.1 million of capital that Self-Help will deploy directly in the Chicago community.
As a Certified B Corp, Pekin Hardy is committed to using business as a force for good. In light of the unprecedented challenges facing many Chicagoans this year, the firm leveraged its long-standing relationship with Self-Help Federal Credit Union to involve the Pekin Hardy Strauss community in a meaningful contribution to Self-Help’s local work.
“We were incredibly excited to be able to bring this opportunity to our clients and employees,” said Adam Strauss, Co-CEO of Pekin Hardy Strauss. “Given everything that has happened this year and the challenges that so many families and small businesses are facing, we wanted to use our platform to be a part of the solution here in Chicago.”
For more than 40 years, the Self-Help family of non-profit organizations has served underbanked neighborhoods in seven states by providing responsible financial services and products to individuals and small businesses, as well as by investing directly in those communities.
Through the creation of this special term certificate, a total of $1,171,000 was raised from Pekin Hardy Strauss’s clients and employees to help further Self-Help’s mission. 100% of the capital raised from this offering will be invested in Chicago communities.
“Our partnership with Pekin Hardy Strauss helps deepen our impact in communities that need it most,” said Kimberly Jones, Manager of Investor Relations for Seaway, a division of Self-Help Federal Credit Union. “This investment will become a powerful force for social impact, supporting economic growth and expanding small business and financial opportunities for people of color, immigrants, women and their families, and other underserved communities. This mission-driven support is especially critical in these uncertain times.”
“We work with all our clients to ensure that their investments and financial goals are aligned with their values, and we were confident that this opportunity would appeal,” said Strauss. “But we simply couldn’t be prouder of the way our clients and employees stepped up to help their fellow Chicagoans in this difficult time, and we are so grateful to have a partner like Self-Help who is out in the community making a difference with this capital.”
About Pekin Hardy Strauss Wealth Management
Founded in 1990, Pekin Hardy Strauss, Inc. (dba Pekin Hardy Strauss Wealth Management) is an independent investment adviser that offers wealth management services and serves as the adviser to a socially responsible value-oriented mutual fund. The firm provides its high-net-worth clients with thoughtful financial advice, comprehensive financial plans and custom investment portfolios. Pekin Hardy Strauss Wealth Management strives to deliver positive risk-adjusted returns by pursuing a disciplined value investing approach that minimizes investment risk with investors’ capital.
The employee-owned, Chicago-based firm is committed to maintaining the highest standards of ethics and objectivity. Pekin Hardy Strauss has been a Certified B Corporation® since 2015, when it became the first investment advisor in Chicago to be certified. Learn more at pekinhardy.com.
About Self-Help Federal Credit Union
Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that serve working families and underserved communities. With 19 branches in California, 10 branches in Illinois, and 1 branch in Wisconsin, over $1.2 billion in assets, and serving more than 78,000 members, Self-Help Federal is one of the fastest-growing low-income designated credit unions in the country. It is part of the national Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For 40 years, the Center for Community Self-Help and its affiliates have provided $9.3 billion in financing to help over 175,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources. For more information, go to www.self-helpfcu.org and www.self-help.org.
This article is prepared by Pekin Hardy Strauss, Inc. (“Pekin Hardy,” dba Pekin Hardy Strauss Wealth Management) for informational purposes only and is not intended as an offer or solicitation for business. The information and data in this email do not constitute legal, tax, accounting, investment, or other professional advice. Pekin Hardy receives no fee from the offering other than the management fees based on the individual client’s investment and fee schedule.