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.
A report on ‘creating DEI-driven culture’ encourages firms to articulate a vision, ensure equitable hiring and offer leadership development.
A Voya study finds added financial challenges reduce plan participation, savings rate and average balances for Black and Latino employees.
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.
Female advisers reported needing up to 10 years of experience to feel confident in their profession.
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.
Over 100 investing firms including Callan, Northern Trust Asset Management, and Nuveen pledged to boost DEI and track their progress.
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 Institute report argues for enhancing DEI in the finance industry, lays out strategies.
Two new programs focus on advancing diversity in the financial management space by working with historically black colleges and students.
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.
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.
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.