43 Addressing unique LGBTQ community needs For members of the LGBTQ community, financial planning needs, from the simple to the complex, can come with a unique set of challenges . These include credit issues for same-sex partners, adoption by same-sex couples, tax implications, savings plans, elder care, long- term retirement savings, or name changes due to gender reassignment . In the U .S ., we’re proud to offer this community access to professionals who are specifically trained to understand the complex financial needs of LGBTQ couples and individuals . We’ve been at the forefront of our industry’s efforts to meet those needs for more than a decade . Our LGBTQ Resource Center provides valuable information, from everyday banking to starting a new business . While the U .S . Supreme Court has extended marriage rights and employment protections to individuals within the LGBTQ community, the absence of other federal protections has the potential to impact their financial well-being . To address the financial needs and considerations of domestic partners, some Wells Fargo Advisors have been trained on key issues affecting domestic partners and are dedicated to providing tailored investment-planning solutions . Aging LGBTQ adults may experience health conditions and disparities that create high levels of social isolation, and even higher levels of financial insecurity than older Americans in general . Wells Fargo is working with SAGE, an advocacy group that offers services to LGBTQ elders, to design and launch a Financial Resiliency Center for LGBTQ Older People . This online financial health program is expected to immediately contribute to financial health and planning for LGBTQ elders during the COVID-19 pandemic, and lay the foundation for a sustainable, ongoing financial health initiative to benefit this highly vulnerable older population long-term . For more about Wells Fargo’s engagement with SAGE, visit Wells Fargo Stories . We also help LGBTQ business owners access capital and financial resources . In 2004, Wells Fargo became the first financial institution to join the National Gay and Lesbian Chamber of Commerce * (NGLCC), an organization created to better address the financial and educational needs of LGBTQ businesses . We’re proud to be the founding sponsor of the NGLCC Supplier Innovation Center in Washington, D .C ., which is focused on groundbreaking education and networking opportunities for certified LGBTQ businesses . Supporting America’s service members For nearly 170 years, Wells Fargo has proudly followed through on our commitment to military service members, veterans, and their families . We created our Military Affairs Program in 2012 to expand outreach to members of the military community and help them achieve financial success . Our Military Resource Center provides support for military and veterans through tools and resources that include: Financial readiness * Worldwide Military Banking services Mortgage services Servicemembers Civil Relief Act benefits *We do not control this website . Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website .
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