When discussing the push for greater diversity in wealth management, many leading the way are quick to remind anyone listening that while progress is always worth celebrating, they’re just getting started.
There is still a need to recruit a more diverse workforce and serve a wider base of clients. Fewer than 5% of planners are Black or Hispanic, and less than a quarter are women. Discriminatory practices and discrimination lawsuits are still too common for comfort.
That’s probably why interviews with leaders and trailblazers recognized for DEI efforts in financial services often include quotes like “we’ve got a long way to go” or “the work is far from over.” As a result, 2022 saw more work being done to shift the industry’s older, whiter status quo toward something a bit more reflective of the population it aims to serve.
Scroll down to see how the Financial Planning team has covered matters of race, diversity and inclusion in 2022.
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