Gender issues

New data shows an increase in the number of CFP professionals who are people of color and women. But is it enough?

Millennials should start setting money aside early and consistently, but without depriving themselves.

The average woman will work 12 fewer years than a man, according to one expert. There’s a “slew of issues” around this topic.

The industry risks becoming more of a boy’s club, rather than less of one.

The firm’s efforts mirror those at other firms and associations that are trying to improve the profession’s diversity.

Tania Mirchandani alleges that she lost her job because she took Goldman’s entire four-month paid family leave.

Some pointers from colleagues and mentors inspired female planners in unexpected ways.

Conventional wisdom says to wait as long as possible to claim retirement benefits, but there are exceptions to the rule.

Industry efforts still have far to go as less than 3.5% of the 80,000 CFP professionals were black or Latino in 2017.

Still, the bank’s revenue-producing operations are split into four divisions, which are all run by men.

Our business isn’t just about big firms anymore, but we still see the old stereotype that investing is a man’s game dominated by Wall Street firms.

The asset manager and custodial giant found positive correlations in several metrics for companies that focus on inclusion.

Women currently account for just 19% of Morgan Stanley’s managing directors.

Men dominate the largest financial institutions and the situation is even worse at family offices.

Other groups, such as those who used to itemize tax deductions but will now use the high standard deduction, are also advised to check their withholding taxes.

Women have long been under-represented among the brokerage ranks, says Elizabeth McCourt. She offers her insights as we continue the dialogue from our Recruiters Roundtable.

Microsoft and Amazon.com are the fund’s top-two holdings.

Big banks say most full-time hires come from the summer programs.

Firms are doubling down on efforts to boost the ranks of women advisors.

Jack Brod, the chair-elect of the board of directors, plans to heighten enforcement efforts to ensure CFPs are consistently acting as fiduciaries.