Racial bias

This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system.

He allegedly told his employer that he had been diagnosed with cancer, and took medical leave from June until September. Wells Fargo notified him that he was being let go while he was away, according to the complaint.

From pervasive discrimination at work to the dangers of #BankingWhileBlack, Black people in America face serious hurdles when engaging with the financial services. Join us for a panel discussion featuring guests from the upcoming Access Denied: Systemic Racism in Financial Services podcast.

Despite tangible evidence dispelling that it's hard to find Black talent, the financial services have yet to crack the code when it comes to building a representational workforce. But is it a sufficient solution on its own?

In order to avoid treating DEI as a fad, #DoingTheWork in wealth management ought to start with these critical steps, financial advisor Lazetta Braxton writes.

The discrimination case revolves around allegations of disparate treatment in the firm’s agency distribution channels.

Charlie Scharf’s insensitive and factually incorrect remark perpetuates a damaging trope, financial advisor Lazetta Braxton writes.

A Korean-American entrepreneur claims James Hilbrant told her to “go back to Wuhan.”

Charles Scharf has since apologized that his comments in a virtual meeting this summer were "misinterpreted."

Financial advisor Lazetta Rainey Braxton describes tangible methods for opening minds and advisory practices.

“Given the moment that we’re at in history with all of the threats to racial, gender and climate justice, it really felt like it was time to expand what we were doing.” Rachel Robasciotti says.

The robo advisor hopes transparency on employee demographics will encourage change.

One of the largest professional designation and training schools launched a program to award free tuition to at least 25 students in the next year.

As one of the fewer than 1,400 black CFPs, I hope to be a gateway to economic empowerment and generational wealth for the African-American community, writes planner and contributor Zaneilia Harris.

The asset manager’s culture is allegedly one in which women's careers are destined to stall and portfolio-manager ranks are reserved for white men, the lawsuit claims.

Non-disclosure agreements and mandatory arbitration are part of what critics call a machine of silence that shields bad behavior from becoming public.

A former engineer claims he was “routinely harassed and discriminated against” by the custodian and its management.

Asset manager Blueprint Capital Advisors claims they stole confidential business information and discriminated against the Black-owned firm.

Observing the day is one way wealth management firms are trying to respond to civil unrest.

Marylin Booker accuses the company of failing to support Black advisors and criticizes its use of mandatory arbitration to settle employee disputes.