Insights | 01.20.21
Women, People Of Color Still Vastly Underrepresented Among Financial Advisors
According to a Cerulli Associates, the financial advice industry still needs to make progress when it comes to hiring more women and people of color. The report says 63 percent of advisors say they agree or strongly agree their company's leadership is working to improve diversity. However, only 41 percent of advisors agree their firm’s diversity efforts have so far been effective. Cerulli says firms must do a better job of creating programs, events, and partnerships that actually lead to more diverse advisor communities. Companies can also make more progress by continuing to invest in diversity, equity, and inclusion initiatives.
Read the full article on Financial Advisor.