Custom Programs Can Reduce Black, Hispanic Employees’ Financial Stress
Targeted coaching for Black and Hispanic employee resource groups led to reduced financial stress for workers, according to Financial Finesse.
Tag: DE&I
CFP Board Outlines Best Practices to Retain Diverse Talent
A report on ‘creating DEI-driven culture’ encourages firms to articulate a vision, ensure equitable hiring and offer leadership development.
Announcing 2023’s Plan Adviser of the Year Award Winners
Adviser firms in six categories were honored at a dinner in New York Wednesday night.
Black, Latino Workers Lag Behind in Retirement Saving
A Voya study finds added financial challenges reduce plan participation, savings rate and average balances for Black and Latino employees.
Investment Product and Service Launches
MassMutual announces fund investing in diverse-led businesses; Pacific Life offers variable universal life product; and more.
CAPTRUST Survey Shows Nonprofits Ignore Benefits of Select Investments
New research shows organizations often overlook alternative assets, ESG and DEI.
Early Years Are Formative for Female Advisers’ Success, Survey Shows
Female advisers reported needing up to 10 years of experience to feel confident in their profession.
Bridging the Racial Retirement Gap: A Conversation With Spencer Williams
The CEO and president of the Retirement Clearinghouse talks about his decades-long project with Bob Johnson to implement 401(k) auto-portability.
DE&I Initiatives: Are They Working?
Retirement advisory firms have been working to implement diversity, equity, and inclusion programs for years, but have they been effective?
DE&I in a Hybrid World
Women, parents, and people of color are opting in to remote work at higher rates than their peers, but some...
Panel: False Ideas About Financial Advisement May Be Limiting Diversity
A panel of financial professionals said misunderstandings about educational requirements or beliefs that the industry does not serve all communities...
Financial Sector Faces Growing Return-to-Work Gender Gap
New research among financial service and insurance companies reveals women’s careers are more at risk as workplace flexibility begins to...
Investment Firms With $11.2 Trillion AUM Sign CFA Diversity Code
Over 100 investing firms including Callan, Northern Trust Asset Management, and Nuveen pledged to boost DEI and track their progress.
CFP Restructures To Boost Diversity in Financial Advisement
The CFP Board is creating a new entity to advance financial planning as a career; separately, Broadridge’s Fi360 is funding...
Milken DEI Strategy Shows Asset Managers How to More Reflect Investors
Milken Institute report argues for enhancing DEI in the finance industry, lays out strategies.
Lori Lucas Will Retire as Head of EBRI
The CEO of nearly five years will turn to fiction writing in 2023, leaving a remarkable legacy at EBRI.
Retirement Industry People Moves
DWS names head of alternative investing; WTW appoints head of data intelligence; Mercer acquires $5B RIA; and more.
Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity
Two new programs focus on advancing diversity in the financial management space by working with historically black colleges and students.
Trends
Talent Management Trends
Firms are rethinking strategies, with a focus on serving more diverse clients.
Know Where the Puck Will Be
Advisers discussed three areas of focus to position practices for the future.