Latin Grammy Cultural Foundation, JPMorgan Chase Inaugurate Financial Health Workshop for Students

Raquel “Rocky” Egusquiza, Emilio Estefan, Silvana Montenegro, Nelson Albareda and George Acevedo attend the Latin GRAMMY Cultural Foundation’s first class of its Master Series: Educación Financiera, which teaches students about wealth management and financial health, on Jan. 31 in Miami, Florida. The workshops are being done in partnership with JPMorgan Chase to provide Latin communities and professionals in the music industry with the resources to promote financial wellness.
(Photo by John Parra/Getty Images for The Latin Recording Academy)

The Latin Grammy Cultural Foundation successfully launched a financial health workshop series for students on Tuesday with more than 500 pupils in attendance.

The foundation, in partnership with JPMorgan Chase, began the series “Educación Financiera” (which translates to “financial education”) to teach high school seniors and college students and emerging musicians about wealth and credit management with expert advice from music executives, financial leaders and creators.

Emilio Estefan Jr., an award-winning producer, director, musician and entrepreneur, and Nelson Albareda, CEO of media and entertainment company Loud and Live, helped kick off the educational series with a workshop called, “Essentials of Building Credit in the Music Arts Industry.” JPMorgan Chase representatives were also present for the class and discussed the importance of building credit to jumpstart financial wellness.

“Empowering Hispanic and Latino students with financial education tools is key to building a stronger future for our communities,” Silvana Montenegro, global head of advancing Hispanics & Latinos at JPMorgan Chase, said in a statement. “That’s why we are thrilled to support the Foundation via the Latin GRAMMY Master Series to provide the resources and knowledge that our students need to succeed and plan for their future; because their musical dreams shouldn’t come at the expense of their financial well-being.”

See: Loud & Live’s Nelson Albareda on Building the Next Generation and Taking Latin Global

JPMorgan Chase will two additional workshops throughout the year as well as two virtual sessions for parents to educate them on financial health. The company and foundation are working together to develop inclusive economic growth and close the racial wealth gap for Hispanic, Latino and unbanked and underbanked communities.

“Financial literacy is an essential component of art and music education and often takes a back seat to the more creative elements,” Raquel “Rocky” Egusquiza, executive director of the Latin Grammy Cultural Foundation, said in a statement. “Together with JPMorgan Chase, we have designed the Educación Financiera series to promote conversations and provide resources that enable and strengthen Latin music creators and professionals in the industry along with their families to take charge of their money and future.”