Ekua Anyanful said she doesn’t think of herself as a pioneer. But she is moving her business to a historically Black Fort Worth neighborhood where few relocate.
Anyanful, a Ghana native who owns EA Wealth Management LLC, plans to move her financial business from Woodhaven to the Historic Southside after the city approved a five-year tax abatement late last year.
“It will be a great location for my company,” said. “There is no investment advisory firm in that neighborhood. I decided it was a great place for my firm.”
The Black woman-owned firm will move into an 1,116-square-foot wood-framed building at 1101 E. Rosedale St. after improvements are made to the former residential duplex built in 1935. Construction — expected to begin soon — will include a new brick facade to match nearby churches on East Rosedale. She hopes to open her office this spring.
An urban village north of the Rosedale and Evans Avenue intersection is expected to begin construction later this year. That project is intended to help transform the area with new housing and business sites.
Anyanful purchased the property last year for $179,000.
Fort Worth City Council members approved a tax abatement for the property on Dec. 9. The city estimates that the municipal property taxes abated over the five-year period will total $5,904, or $1,180 per year, according to a staff report.
Anyanful said she wasn’t familiar with the Historic Southside when she bought the property, which lies within a neighborhood empowerment zone that allows for property tax abatements.
“I found out it was an up-and-coming neighborhood and the city is putting money into it,” she said. “There are not a lot of resources there. That was very eye-opening for me.”
Anyanful had to wait months for the tax abatement to be considered before her remodel of the building could start.
“I like the outside look of it,” she said. “It was originally a duplex so I’m combining the two spaces into one building.”
Anyanful’s property is at the corner of Rosedale and Bradford Street, between two places of worship: Greater Love Chapel Church of God in Christ and Antioch Empowerment Church.
A floor plan of the building shows that contractors will build a reception area and conference room near the front with a break room, offices and restrooms also added inside.
“The goal is to keep the same aesthetic,” she said.
Anyanful said her firm will be in a unique location where there are no wealth management businesses. She holds a free monthly seminar to educate people about financial planning.
She came to the United States to earn a graduate degree and ended up working for American Express as she studied financial planning. With a divorce during that time, she had to figure out how to manage her finances.
“I had to become my own client,” she said.
Anyanful said her company has grown steadily over 24 years and she looks forward to opening her Rosedale office in the historically Black neighborhood later this year.
“Where I come from all my role models are all Black,” she said. “It is the norm. I was raised to understand that I could be whoever I wanted to be, and I could do what I wanted to do.”
Eric E. Garcia is senior business reporter at the Fort Worth Report. Contact him at eric.garcia@fortworthreport.org.
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