Diversity and equality

Planners can play a direct role by standing up for colleagues and clients who are women or minorities.

Four longtime financial planners believe the industry is ready for change. They talked about how to achieve it on the opening day of the CFP Board Center for Financial Planning Diversity Summit and Career Fair.

In sessions at the CFP Board’s annual Diversity Summit, executives, academics and a member of Congress called on more firms to follow Merrill Lynch’s example.

The firm’s head of acquisition, strategic growth and retention discusses how the wirehouse aims to expand among historically excluded groups.

Morgan Stanley is introducing an initiative to draw more young people from diverse backgrounds to the finance industry, furthering its outreach efforts a week after appointing to the bank’s board its first woman of color.

A nonprofit research group compiled a growing list of products amid the question of whether the deluge of information and resources will result in systemic change.

With no standard definition of what constitutes a socially responsible investment, the SEC is looking to police funds and protect investors.

A college professor and investment firm partner views real estate and venture funding as a crucial means of building generational wealth.

The startup founder shares the key lessons learned from remote work and what led to the creation of a new FPA Knowledge Circle group.

Advisors and clients can now track the performance of companies moving away from the “toxic and dangerous ways” of the past, according to the founders.

The public record designed to give clients a means of researching their advisor has no mention of some allegations, such as those against Eileen Cure.

Giant wealth managers and megabanks have a long way to go if they’re truly going to set a new course for the industry’s relationship to a historically excluded group.

"Hopefully one day the industry changes and no one is surprised to see me at a top producer event due to my race or gender, or both," writes advisor Sandra Cho.

Here’s what one advisory firm found were the most common financial planning questions among a historically underserved group.

Sean Kaligh dropped Wells Fargo for LPL, as more planners leave wirehouses during the pandemic.

Despite BLM, #MeToo and other movements for equality and justice, employers don't understand enough about the impact of neglecting DEI on company health.

Not having access to wealth keeps people from participating in the market and from financial inclusion, according to a FINRA panel.

The distinction between the two concepts lies in advocacy and leadership, said executives from Morgan Stanley, J.P. Morgan, Citi and Stifel.

Morgan Stanley, Raymond James, Charles Schwab and Truist aim to fuel long-term shifts in advisor recruitment and retention through a series of new programs.

Results published Monday show that 46% of White people are working with professionals to plan their finances, while 38% of African Americans, 36% of Asian respondents and 44% of Hispanic people are doing the same.