Contributed by: Kelsey Arvai, CFP®, MBA
Contributed by: Michael Brocavich, CFP®, MBA
This year, Juneteenth will be observed on Wednesday, June 19th. The Center, Raymond James, and public trading markets, including NYSE, NASDAQ, Chicago Stock Exchange and bond, unit investment trust, options and mutual fund markets will all be closed in observance.
Juneteenth (which stands for “June nineteenth”) commemorates the day in 1865 that federal troops arrived in Galveston, Texas – months after the end of the civil war— to take control of the state and ensure that all enslaved people be freed. This came over two years after the signing of the Emancipation Proclamation. Although emancipation did not happen overnight for all the enslaved people in Texas, celebrations broke out among the newly freed, and Juneteenth was born. Slavery was formally abolished with the adoption of the 13th Amendment in December 1865.
Juneteenth signifies a historic day for Black Americans and is an important day for all Americans to observe as a part of our collective history. A landmark for social equity, we honor this day to commemorate Black freedom; reflect on how far we’ve come since; and acknowledge that work still needs to be done in the pursuit of social equity.
Kelsey Arvai, CFP®, MBA is an Associate Financial Planner at Center for Financial Planning, Inc.® She facilitates back office functions for clients.
Michael Brocavich, CFP®, MBA is a CERTIFIED FINANCIAL PLANNER™ professional at Center for Financial Planning, Inc.® He has an extensive background in both personal and corporate finance.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc.