Diversity and equality

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

As Wells Fargo CEO Charles Scharf himself admitted, it’s an excuse — and a weak one.

The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.

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

The firm’s talent-analytics associate director had claimed the company hired fewer women than men and that she was paid less than her male counterparts.

Representation of women and minorities remains “startlingly” low.

CEO Robert Cook has launched a task force and started assessing his own actions, he said in a panel at the Quad-A Vision conference.

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

Among some 500 large-cap U.S. mutual funds, those with at least one-third of manager positions held by women have beaten those with none, data show.

“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.

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.