Diversity and equality

Financial advisors can help the country’s increasingly diverse population, but we must fully realize our vision of recruiting more young and racially diverse talent.

As millennial and Gen-Z women take more control of their own finances and those of their families, they’re becoming less tolerant of bias, research found.

The new information sheds light on how an industry leader is grappling with one of the profession’s most pressing issues.

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

Increasing Black representation poses challenges that adding women may not: Most women elected to boards had professional connections with the white men who still dominate boardrooms.

Focusing on “investment in leadership and access to markets,” the IBD aims to support reps and clients of diverse backgrounds, its head recruiter says.

“How many minority-owned ETFs do you know?” an advisor asks.

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.

Institutions large and small are either creating new positions or elevating existing diversity heads to C-suite roles. Will the moves help banks improve equality within their ranks and better serve their communities?

Here’s what leaders around the world say must be done.

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.

At home or under a socially distanced beach umbrella, these diverse titles will help while away this singular season.

“The face of our industry is typically not me,” says the Vanguard and DFA veteran. “I thought about how many young people that I could inspire. So I raised my hand.”

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

Over the past 15 years, Black participation in the industry has stalled at a mere 8% — a figure that typically dwindles heading up the leadership ranks.

The bank’s home city of Toronto boasts a population that is more than 50% foreign-born, but there is little diversity in the upper echelons of its financial firms.

Opening up about your personal circumstances forms a bond that can only benefit your planning practice.

Amy Cooper, who was fired from her job as head of insurance investment, could face up to one year in jail, three years of probation or a $1,000 fine.