Neighborhood Trust Financial Partners and Centre Lane Partners Announce Partnership to Offer Financial Wellness Service to All of Centre Lane’s Portfolio Companies
Trusted Advisor™ to Help 10,000+ Employees at 15+ Businesses Address Everyday Financial Challenges and Plan for the Future
NEW YORK, NY – August 8, 2018 – Neighborhood Trust Financial Partners, a nonprofit social enterprise and a national leader in financial counseling, and Centre Lane Partners, a mid-market investment firm, announce a new partnership to bring financial wellness benefits to all of Centre Lane’s portfolio companies.
Through the partnership, Centre Lane’s 15+ portfolio companies with over 10,000 employees will have access to Neighborhood Trust’s financial wellness service Trusted Advisor. Trusted Advisor combines one-on-one financial counseling, a suite of digital financial planning and management tools, and access to reliable financial products to help employees address everyday financial challenges—like getting out of debt or building credit—and plan for the future. Neighborhood Trust’s expert counselors conduct confidential counseling sessions via phone or Skype, work with employees to develop an action plan to meet their needs, and send text message reminders to help employees stay on track with their goals. Trusted Advisor is available for free to all employees at Centre Lane’s portfolio companies.
“Workers in the U.S. today want expert guidance to maximize their paychecks and make ends meet, but don’t know where to get help. With Trusted Advisor, employers can fill that void for their employees, reducing financial stress and creating a more productive and loyal workforce,” said Justine Zinkin, Neighborhood Trust’s CEO. “That’s why we’re thrilled to bring Trusted Advisor to Centre Lane’s entire portfolio of companies and help them invest in the financial health of 10,000+ employees across the country.”
“We are excited to partner with Neighborhood Trust to provide financial educational benefits to our employees across the U.S. Centre Lane Partners is committed to investing in innovative programs that meet the growing needs of our workforce and help our portfolio companies stay competitive in this tight labor market, and we believe that investing in our employees financial health is ultimately smart business,” said Quinn Morgan, co-Founder and Managing Director of Centre Lane Partners.
To learn more about Trusted Advisor, please visit www.neighborhoodtrust.org/trustedadvisor.
About Neighborhood Trust Financial Partners
Neighborhood Trust is a nonprofit social enterprise empowering workers to take control of their finances and achieve financial health. With more than 20 years of financial counseling experience, we blend our trusted financial guidance with innovative technology solutions and actionable financial products to help workers’ paychecks go further. Neighborhood Trust embeds our services where workers get paid, access financial services and make financial decisions. Annually we reach more than 10,000 low- and moderate-income workers across the country. Today, our Trusted Advisor workplace financial benefit service is in 29 states and includes customers such as Staples, FreshDirect, and Allen Health Care. For more information, visit www.neighborhoodtrust.org.
About Centre Lane Partners
Centre Lane is a private investment firm focused on making equity and debt, control and non-control, investments in North American middle market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. Industries targeted for investment are broad and diverse with no industry excluded from our consideration. For more information, visit https://centrelanepartners.com/.