7 Steps to Further Diversity in Asset Management
A Milken Institute financial markets director lays out the firm’s plan to improve diversity in asset management.
Tag: diversity
CFP Board Approaches 100,000 Certified Professionals
The number of CFP professionals reached an all-time high of 98,875, with 2023 marking the most diverse class to date.
TIAA Partners With Hip-Hop Star Wyclef Jean on Track to Spotlight Retirement Gap
All funds from ‘Paper Right’ will go to charity FGI, focused on providing financial literacy to underserved students.
Top Performing Advisories More Focused on Inclusion
According to Schwab, financial advisories with good track records are showing more commitment to a diverse workforce.
How Advisers Can Help Close the Wealth Gap
Panelists at the CFP Board’s Diversity Summit provided insights into how financial planners and advisers can reach disadvantaged communities.
DOL Approves Citi Diverse Asset Program for 401(k)s
According to the regulator, Citi will not violate ERISA fiduciary duties by paying plan fees of diverse asset managers.
House Reintroduces Bill Calling for Diversity Disclosure
SIFMA supports passage of the bill that would require publicly listed firms to disclose the gender, ethnic and racial composition...
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.
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.
Women of Color Taking More Confident Approach to Financial Future
According to data from Edelman Financial Engines, 67% of women of color reported securing a better financial path than the...
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.
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...
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.
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.
Record Diversity Additions and Scholarship Awards for CFP Board
The increase in gender and racial diversity among CFP professionals supports the board’s goal of increasing public access to competent and ethical financial planning.
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Take Action for Change
The events of the past few years have helped supercharge efforts to address the longstanding and concerning lack of diversity...
Practice Management | Diversity
Strength in Diversity
The business case for building a heterogeneous workforce.