Lenda Penn Washington is a Mayor-appointed Trustee to the District of Columbia Retirement Board of Trustees. Ms. Washington is a member of the Board’s Audit, Benefits, and Investment Committees. She was appointed to her current term on the DC Retirement Board in May 2014, and she previously served on the Board from 1999 through 2003.
Ms. Washington began her career in securities brokerage in 1985 at Paine Webber Group Inc., (now UBS) as a registered representative. Tenures at major regional firms, including Ferris, Baker Watts, prepared her for successfully launching and managing the sales and operation of her own boutique broker-dealer/investment advisory firm, GRW Capital Corporation, founded in 1993 and registered in as many as 22 states. Ms. Washington holds Principal securities licenses as a General Securities Principal (S24), Financial and Operations Principal (S27), Municipal Bond Principal (S53) and an agent representative Registered Investment Advisor.
Over the course of her financial services career, Ms. Washington has hosted her own live call-in radio show, “Money Talks” (1994-1998) reporting on the day’s stock market action, investment topics and financial advice and airing in the Washington, DC and Baltimore, MD markets on WOL AM/WMMJ FM Radio Stations. She has been widely quoted in national newspapers, been the subject of articles on investing, the stock market, women and investing and made guest appearances on national radio and television broadcasts over the course of her career.
Currently, Ms. Washington serves as the President of Washington Investment Advisors, LLC (WIA). WIA produces the Personal Retirement View, a quarterly report sold to Plan Sponsors for the benefit of defined contribution plan participants. Personal Retirement View provides employees with a specific goal, suggested contribution levels and investment guidance, empowering them to confidently achieve their retirement savings goal over a specified time period. An annual Plan Sponsor Report provides year-over-year comparative metrics of employees’ savings and investing behavioral changes. The annual Report helps Plan Sponsors assess the effectiveness of the Plan’s investment options and educational programs to provide adequate retirement benefits to Plan participants.
After graduating from Howard University in the early 70s, Ms. Washington became a successful Madison Avenue sales executive for Metro TV Sales, a Metromedia Television company, and Post Newsweek’s Top Market Television, an Advertising Representative firm, both in New York City. Afterwards, she was an important part of the team that branded “The Learning Channel” (now owned by Discovery Network) as the preeminent channel for “how-to” and professional and personal enrichment television.
Ms. Washington has been a member of Leadership Washington since 1997. As a former board member of the nonprofit Family Matters of Greater Washington, which delivers diversified social services and promotes and operates the Camp for Kids Fund for agency-owned Camp Moss Hollow, she served on the Finance and Governance committees and as 2nd Treasurer. Past industry committee participation includes serving on The District 9 Committee of the NASD (now FINRA) and serving as a NASD Hearing Officer, including representing the industry as a Small Firm FinOp expert. She was a DC Retirement Board Trustee from 1999 to 2003 and served as Chair of the Board’s Operations Committee.
Her current term expires on January 27, 2019