HISPANIC WEALTH PROJECT
2023 Hispanic
Wealth Symposium
Wealth Symposium
November 9, 2023
Ritz-Carlton Washington, D.C.
1150 22nd St NW,
Washington, DC 20037
Ritz-Carlton Washington, D.C.
1150 22nd St NW,
Washington, DC 20037
2023 HISPANIC WEALTH
SYMPOSIUM AGENDA
November 9th, 2023
7:30 AM
7:30 AM
Registration Opens
10:30 AM – 11:15 AM
Plaza I
Plaza I
10:30 AM – 11:15 AM
Plaza I
Plaza I
Unlocking Wealth In Our Community: The role of NAHREP 10 Certified Trainers
Launched in 2019, this initiative has successfully extended the NAHREP 10 wealth-building disciplines nationally through certified members who are entrusted to propel the NAHREP 10 principles forward. NAHREP CEO and Co-Founder Gary Acosta will lead a discussion with trainers committed to speaking engagements and peer-to-peer mentorship throughout the year. Join us and learn how the program can continue to help you help yourself and others achieve financial success and personal growth.
- Opening Remarks | Gary Acosta, Co-Founder & CEO, NAHREP
- Moderator | Josue Soto, NAHREP 10 Committee Member | CEO, Soto Legacy Group / Powered by eXp Realty
- Panelist | Atila "AT" Almeida, NAHREP 10 Committee Member | REALTOR®, Coldwell Banker Realty
- Panelist | Alba Martinez, NAHREP 10 Certified Trainer | CEO, Business Woman, Family Oriented Entrepreneur, Goalgetter and Visionary, PanAmerican Group, Berkshire Hathaway Home Services Inc.
- Panelist | Ricardo Peinado, Jr., NAHREP 10 Certified Trainer | President, Suntender Valuations, Inc.
11:30 AM – 11:45 AM
Ritz Carlton Ballroom
Ritz Carlton Ballroom
11:30 AM – 11:45 AM
Ritz Carlton Ballroom
Ritz Carlton Ballroom
Opening General Session: The Drivers of Hispanic Wealth Creation
- MC | Sara Rodriguez, Chairperson, Hispanic Wealth Project | CEO, Titan Title, LLC
In 2014, NAHREP established the Hispanic Wealth Project (HWP), an initiative born after the Great Recession, when Latinos lost up to two-thirds of their median household wealth. HWP set out a goal to triple Hispanic household wealth in 10 years - by 2024, focusing on three areas: Homeownership, Small business, and Financial Participation. Next year will be the 10th anniversary since NAHREP, with Gary Acosta, Henry Cisneros, founding Partner Wells Fargo, and others, set forth that wealth creation roadmap. Median household wealth for Latinos has indeed tripled ahead of the 10-year goal set in 2014. This session will reflect on the premise of setting those goals and the outlook for future Latino wealth creation.
- Moderator | Sara Rodriguez, Chairperson, Hispanic Wealth Project | CEO, Titan Title, LLC
- Panelist | Gary Acosta, Co-Founder & CEO, NAHREP
- Panelist | Ruben Barrales, Senior Vice President, External Engagement, Diverse Segments, Representation and Inclusion, Wells Fargo
11:45 AM – 12:20 PM
11:45 AM – 12:20 PM
Lunch
Invocation
- Kelly Ceron-Osorio, REALTOR®, Coldwell Banker Realty
12:20 PM – 12:45 PM
12:20 PM – 12:45 PM
Break
12:45 PM – 1:25 PM
12:45 PM – 1:25 PM
The Drivers of Wealth: Insights from the 2023 State of Hispanic Wealth Report
In 2014, the Hispanic Wealth Project set a goal to triple household wealth in 10 years. According to Survey of Consumer Finances (SCF) data, the goal was exceeded, with Hispanic median household wealth reaching $61,600 in 2022, increasing faster than any racial or ethnic group. Join us as we discuss the initial SCF findings and delve into the profound impact of age, education, homeownership, business ownership, and financial assets on Latino wealth. Discover the strategies and policies that can boost Latino prosperity and contribute to overall economic growth.
- Moderator | Jason Riveiro, Executive Director/COO, NAHREP
- Panelist | José Espaillat, Diverse Segments Head of Affluent Markets, Wells Fargo Wealth & Investment Management
- Panelist | Jake Krimmel, Ph.D., Economist, Microeconomic Surveys, Federal Reserve Board
- Panelist | Elizabeth Nimmons, Ph.D., Senior Policy & Research Analyst, NAHREP
- Panelist | Greg Oliven, Chief Technology Officer, Polygon Research
1:25 PM – 2:05 PM
1:25 PM – 2:05 PM
Behavioral Markers Central to Achieving Financial Success Within the Latino Family
Achieving financial success requires more than developing financial skills and knowledge. This breakout session will inform attendees of the other markers for financial functioning that are instrumental for Latino families to build wealth and sustain their financial success.
- Mariana Martinez, Senior Family Dynamics Consultant for Family Wealth and Culture Services, Wells Fargo Wealth & Investment Management
2:05 PM – 2:35 PM
2:05 PM – 2:35 PM
Empowering Latino Entrepreneurs: Navigating Angel Investments, Venture Capital, and Startups
Join us for an insightful discussion on the critical importance of enhancing access to capital for Latino entrepreneurs and startups. Discover how Angel Investors and Venture Capitalists are playing a vital role in bridging the gap and helping startups scale for success.
- Moderator | Chris Moreno, Angel Investor & Vice President, Real Estate & Channel Partners
- Panelist | Pete Amaro, General Partner, L’ATTITUDE Ventures
- Panelist | Ryan Croft, Investor, CEO, Founder, Founder, EIR Georgetown University
- Panelist | Lionel Foster, Camber Creek
- Panelist | Mark L. Madrid, Associate Administrator, SBA
2:35 PM – 2:50 PM
2:35 PM – 2:50 PM
Break
2:50 PM – 3:20 PM
2:50 PM – 3:20 PM
Navigating Real Estate Investments in a Shifting Landscape
This engaging panel will explore the growth of networked real estate investment groups. They will also discuss the impact of interest rate fluctuations, and market dynamics on pricing and rental yields, along with addressing critical issues like REOs and challenges and opportunities in raising money to invest in real estate properties. Gain valuable insights into the future of the build-to-rent sector within the private rented market, all from the unique perspective of accomplished Latino professionals.
- Moderator | Nora Aguirre, 2023 President-elect, NAHREP | Associate, Century 21 Americana
- Panelist | Evelyn Guzman, Argent Realty
- Panelist | Daniel Huertas, CEO, Washington Capital Partners
3:20 PM – 3:50 PM
3:20 PM – 3:50 PM
Building Foundations: A Comprehensive Introduction to Construction for Aspiring Developers and Contractors
Navigate the intricacies of the construction industry in this introductory session, designed to offer valuable insights for both budding developers and contractors. Explore key concepts, industry terminology, and the essentials of project management to set the groundwork for your successful career in construction.
- Moderator | George Carrillo, CEO, National Hispanic Construction Alliance (NHCA)
- Panelist | Miguel Calvo, CEO, Reliance Home Solutions
- Panelist | Tina Marie Hernandez, Omni Construction Services
- Panelist | Gus Hoyas, Alto FSI
- Panelist | Alex Seabold, GSI Builders, Inc.
3:50 PM – 4:00 PM
3:50 PM – 4:00 PM
Keynote
- Speaker | Kevin Lima, Deputy Director, White House Initiative on Advancing Educational Equity, Excellence, and Economic Opportunity for Hispanics
4:00 PM – 4:30 PM
4:00 PM – 4:30 PM
Continuing the Wealth Building Momentum
Join us for an enlightening closing session where we will offer a comprehensive recap of the day's pivotal insights. Our expert panelists will delve into practical strategies aimed at building wealth, with a focus on addressing cultural nuances contributing to the low participation rates of Latinos in business capital and retirement accounts.
- Moderator | Gary Acosta, Co-Founder & CEO, NAHREP
- Panelist | Armando Falcon, Chairman & CEO, Falcon Capital Advisors LLC
- Panelist | Laura J. Feiveson, Deputy Assistant Secretary, US Treasury
- Panelist | Oralia Herrera, Broker/Owner, Century 21 TK Realty Inc.
4:30 PM – 4:35 PM
4:30 PM – 4:35 PM
Closing Remarks
MC | Nora Aguirre, 2023 President-elect, NAHREP | Associate, Century 21 Americana
4:35 PM – 6:30 PM
4:35 PM – 6:30 PM
Reception
On the cusp of its 10-year anniversary, the Hispanic Wealth Project returns to our nation’s capital to host their annual Hispanic Wealth Symposium. The event will draw prominent speakers, experts and thought leaders committed to advancing economic prosperity within the Hispanic community and across the United States.
In 2014, the Hispanic Wealth Project set out a goal to triple Hispanic household wealth in 10 years - by 2024. The symposium will look at the path taken, the progress made and what is needed to continue to improve Hispanic wealth creation. It will convene leaders in real estate, small business, finance, and government and propose actionable goals for the next 10 years.
Dedicated to fostering solutions that drive wealth creation, the symposium promises insightful discussions, impactful strategies, and meaningful connections, with a focus on turning ideas into action.
In 2014, the Hispanic Wealth Project set out a goal to triple Hispanic household wealth in 10 years - by 2024. The symposium will look at the path taken, the progress made and what is needed to continue to improve Hispanic wealth creation. It will convene leaders in real estate, small business, finance, and government and propose actionable goals for the next 10 years.
Dedicated to fostering solutions that drive wealth creation, the symposium promises insightful discussions, impactful strategies, and meaningful connections, with a focus on turning ideas into action.
