Diversity and equality

The payout of nearly $20 million reflects the mixed status of Black representation among financial advisors at the largest wealth management firms.

These issues loom especially large for the LGBTQ client base, which is the focus of a new national initiative launched by financial advisors, lawyers and other professionals.

In recent years, the wealth gulf between white and Black families has only grown. But there is hope that advances in fintech, such as wider adoption of artificial intelligence, can help.

In their first interview about the shakeup atop the influential organization for Black financial advisors, its interim leaders emphasized continuity amid the shift from Christian Nwasike.

Homeownership among Asian American and Pacific Islanders is at an all-time high, but they face unique obstacles that financial planners must take into account.

To remain successful in the workforce of the future, advisors will need to adapt and evolve to find new growth and meet clients' needs.

More than a third of financial advisors will retire in the next decade in a profession in which nearly 3 out of 4 rookies fail to make the grade, creating a headcount problem for the industry.

The disturbing nature of the claims and puzzling sequence of events add a fraught layer to what was already going to be a challenging CEO handoff from the founder.

An M&A deal brings a fourth office location to the ambitious firm launched in 2019 by Jason Ray and Chelsea Ransom-Cooper.

In "The Black Tax," professor and historian Andrew W. Kahrl explores how the racial wealth gap in America has roots in unfair tax practices.

Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.

Some planners and firms are taking action to address impending retirements. Here's why opening more pathways into the field matters to every company in wealth management.

Nationwide found that women struggle to understand what to do with their savings once they hit retirement.

A study from the St. Louis Fed shows unequal playing field in the U.S., where never-married Black women own 8 cents for every $1 held by unmarried white men.

The $72 trillion generational handover demonstrates the undeniable momentum of Black wealth in the U.S.

The 30-year industry veteran and coach to financial advisors and executives provides the story of his life in "Confessions of a Wall Street Warrior."

Over the past decade, the equities division at the megabank saw harassment allegations pile up, as well as alleged instances of in-office cocaine use, among other complaints.

Recruiting female athletic talent can help secure the short- and long-term health of wealth management, writes a Morgan Stanley executive who is a former equestrian.

A financial services executive discusses why a lack of representation in the space could put more women at risk of financial ruin.

The megabank, which is eliminating about 5,000 jobs in a first round of restructuring, said that it's paused its annual review of racial and gender pay gaps. Citi will conduct a 2023 review sometime later this year, a source said.