House Republicans Look to Repeal DOL Rule Permitting ESG in Retirement Plans
As the House of Representatives returned this week, it wasted no time proposing new bills targeting ESG investing.
Plan Adviser Industry Needs to Adapt to Get Younger, More Diverse
A panel of top advisers discusses how to shake up the typical hiring channels, and even how the industry is talked about, to cultivate the next generation.
Adviser Product Partnerships
Asure taps Vestwell to offer clients 401(k) benefit; NFP hires Ascend for insurance billing platform; NAIC and U.S. Bancorp partner to increase diversity among alternative asset managers; and more.
IRI Releases DEI Best Practices for Talent Acquisition
Christina Brady, the IRI’s COO, says the publication is a result of considerable discussion across 2022 and 2023.
Best Practices for Scaling a Retirement Advisory Firm
Vanguard’s ESG Support Half That of BlackRock, State Street
Of a sample of shareholder proposals linked to ESG, Vanguard opposed almost three-quarters.
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.
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
DE&I Initiatives: Are They Working?
DE&I in a Hybrid World
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 can hold back talented candidates.
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 tighten.
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 100 investing certifications for women and people of color.