Managing principal and founder, Felton & Peel Wealth Management
Malik Lee is doing a lot of leading these days. Not only is he founder and managing director of Felton & Peel Wealth Management (named in honor of his parents, whom he lost at age 6), but he’s also chair of the of the Council of Examinations for the CFP Board, as well as chairman of the Financial Planning Association of Georgia. In his CFP board role, Lee and his team determine examination questions to use and ensure they are not discriminatory.
During his six years on the board of the FPA of Georgia, he already served as president and now, as chair, oversees the board’s direction and mentors its members. His recent initiatives include creating a forum for advisers of color to help them navigate the industry and establishing the chapter’s first diversity chair position to develop diversity-related programming, engage minority advisers and provide outreach to communities of color.
The industry must focus on both diversity and inclusion, Lee said. “Diversity gives you the representation, while inclusion – a seat at the table – gives you the power,” he said. “It will grow the business for the industry as people of color will go to practices where they feel comfortable.”
— Deborah Nason