Equal pay

It's way past time for the industry to apply a core investment concept — diversification — to achieve gender equality in its ranks.

Unlike recent affairs that were marred by protests, this year's meeting — held online because of the coronavirus outbreak — went smoothly as investors overwhelmingly approved the bank's slate of directors and executive compensation plan.

Two-thirds of women say they don’t work with an advisor because they believe they can’t afford it or don’t have the necessary assets.

The CEO of a large custodian firm challenged advisers to take on diversity or become irrelevant.