Black Luxury Group Helps Black Business Owners Build Generational Wealth

By Angie Toussaint

MIAMI, FL –(Responding to the call to enrich more Black entrepreneurs, Black Luxury Group of Broward County, Florida, has officially launched its wealth management group exclusively for minority business owners.

Founded in 2020, Black Luxury Group- the first membership-based wealth management network for minority business owners- aims to bridge the wealth gap experienced by Black business owners by providing customized wealth acquisition strategies, empowering entrepreneurs and providing tools to help build generational wealth within those communities.

Founded by South Florida investor and success coach, Gerald Cummings and Business Development Strategist, Natalia Cox, Black Luxury Group is the duo’s answer to the economic disparity experienced by many within minority communities.

On June 26, 2021, Black Luxury Group will host a launch event in Fort Lauderdale, Florida where attendees will be officially introduced to the organization. Though its roots are in South Florida, the founders of Black Luxury Group hope to spread the movement across state lines to help entrepreneurs throughout the country.

“We are here to be a guide and provide support,’ said Cummings. Cummings continued, “Our mission is to empower entrepreneurs and provide them with the skills needed to expand their business profitability. We are truly about empowering our members to build positive net worth and generational wealth.”

Cummings and Cox began hosting meetings under the Black Luxury Group umbrella as a response to the changing entrepreneurial landscape felt throughout 2020 and as a response to the impact felt by many during the height of the COVID-19 pandemic.

“Many people were forced to go into entrepreneurship when COVID-19 happened. We saw that our community was deeply impacted by the virus and many within minority communities have not been able to recover.” Said Natalia Cox, Co- Founder of Black Luxury Group. Cox continued, “We also saw opportunities to grow within this pandemic and because our community lacked access, they could not take advantage of the resources provided to them.” Highlighting the lack of access minority business owners face daily.

Cox noted, “We are excited about the launch and look forward to welcoming business owners interested in expanding their portfolio through the platform.”

Since its launch, Black Luxury Group has hosted several meetings and conferences with entrepreneurs in the South Florida area, providing them with information relating to business formation, wealth acquisition, and other pertinent information on entrepreneurship.

Through the Black Luxury Group, members are able to join the exclusive wealth management group at an affordable monthly management fee for access to peer to per mentorship, asset protection advice, investment management, retirement planning, accounting and tax.