Fulgent Wealth Management was founded on the principle “Everybody Counts or Nobody Counts”. Fulgent prides itself with keeping in constant contact with clients, prospective clients and always being available for questions.
On July 1st, an interaction with a client resulted in the decision to terminate their contract. It is the first time in the history of the company that a client had to be “fired”. Fulgent successfully works with clients from all backgrounds. However, the racially charged, absolutely inappropriate and unacceptable verbiage of a question regarding the current equal rights movements experienced in America and its effects on the stock market highlighted an extreme moral and ethical difference that left no choice but to terminate the contract immediately.
As a small business amidst a pandemic and the partial collapse of the economy, client retention is more important than ever and every client is crucial to our success. While we believe in freedom of speech; racist remarks, sentiment and behavior will not be tolerated. Morality and integrity play a major part in our decision making.
Fulgent stands very proudly supporting Black Lives Matter, all civil rights, civil liberties, and progression in America where all of our children and grandchildren will grow.
“Black Lives Matter is about focus, not exclusion.” – Patricia Leary.
Fulgent Wealth Management is putting its money where its mouth is. For the remainder of 2020, Fulgent Wealth Management will donate half of all asset management fees to Black Lives Matter, Thurgood Marshall College Fund and ACLU.
Brandon Young Founder