Contact: Azania Herron
GRID 202 Welcomes Kamila McDonnough as President and Partner
McDonnough Joins Growing and Diverse Registered Investment Advisor Team
WASHINGTON, D.C., February 18--Today, GRID 202 announced the addition of Kamila McDonnough, CFP as President and Equity Partner of the independent registered investment advisory firm. McDonnough, a member of the CFP® Board of Directors, will provide leadership and support business development efforts in her role at GRID 202 (GRID). She will also lead the firm’s efforts to expand its work with mission-driven institutions.
“Kamila is a perfect fit for our team of advisors and we are excited to welcome her,” said Keith Beverly, Managing Partner and Chief Investment Officer of GRID. “Her industry leadership and wealth of expertise, ranging from managing advisor teams to extensive experience serving ultra-high-net-worth families and institutions, is the ideal skill set to help lead GRID during this exciting stage of our firm’s growth. Notably, women of color are an important and growing segment of our client base. With Kamila’s recent focus on meeting their financial planning needs, we are firmly positioned to better serve and expand our reach with this increasingly influential group in the U.S. economy.”
McDonnough has nearly two decades of financial planning and investment experience. She spent most of her professional career at Vanguard working with ultra-high-net-worth individuals and endowments and foundations, inclusive of major universities, hospitals and other charitable organizations throughout the southeast U.S. Her client relationships ranged from $20M to $450M and represented $3B in total assets prior to leaving the role. She also worked at Dimensional Fund Advisors supporting financial advisors with investment solutions to meet the unique needs of their clients. McDonnough is on the Board of Directors for the CFP Board, which is the policy-making and oversight body of Certified Financial Planner Board of Standards, Inc. for over 86,000 professionals in the U.S. She serves on the Investment Committee for Women Against Abuse Inc. located in Philadelphia, PA and is the Foundation Board President for the Junior League of Charlotte Legacy Foundation. She also has been an active volunteer with the IRS Volunteer Income Tax Assistance (VITA) program. McDonnough obtained her B.A. and MBA from The Pennsylvania State University. She is a CERTIFIED FINANCIAL PLANNER™ and holds licenses for Life, Health and Long-Term Care Insurance.
According to the CFP Board, 21.3 percent of CERTIFIED FINANCIAL PLANNER™ professionals are women. Professionals identifying as Black or Latinx make up 3.7 percent. With McDonnough’s addition, GRID is now 100 percent woman and diverse owned. Serving individual clients of all backgrounds, 40 percent of the client base identify as a household with at least one person of color. GRID was founded by Keith Beverly, one of fewer than 20 African American advisors in the U.S. holding both the CFP® and Chartered Financial Analyst® designations. GRID serves individual investors and institutions with a special interest in ensuring client investment assets align with their social and moral values. Learn more about GRID here.
About GRID 202
GRID 202 is a registered investment advisory firm founded in Washington, D.C. by Keith Beverly. Rooted in key values that were developed by Beverly while growing up in the nation’s capital, GRID approaches its work with clients with resilience, integrity, excellence and community. GRID serves individual investors and institutions with a special interest in ensuring client investment assets align with their social and moral values. Many of its individual clients include medical practitioners, attorneys, corporate executives and professional athletes. Institutional clients include foundations and other organizations.