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 of directors and senior executives.
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 one they saw growing up.
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
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.
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.
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.
Take Action for Change
Strength in Diversity
A New Era
On Our 15th Year
CFP Board Partners With Two Firms to Establish Diversity-Focused Scholarship
The deadline to apply for a 2021 scholarship award is October 10, 2021, though plans for multiple years of scholarships sponsored by Ballentine Partners and Aspiriant are already in place.
Legislative and Judicial Actions
Career Mentor or Advocate?
FINRA Project Examines How Regulators Can Support Diversity
Suggestions from the industry include eliminating the 180-day enforced waiting period triggered by a third failed ‘top off’ examination, involving community colleges in the licensing process and making remote services a permanent feature of FINRA’s testing approach, even after the COVID-19 pandemic ends.