Independent broker-dealer Cetera has formed a council for financial professionals that aims to encourage diversity and inclusion in financial advice.
The group, formally known as the Diversity, Equity, Inclusion and Belonging Advisory Council, consists of 12 financial professionals from the Cetera network.
The council will be co-led by co-led by Fanci Worthington, a branch manager at Cetera, and Stephen Oliver, founder of Manhattan Ridge Advisors.
Its primary objectives, the company said in a release, are to raise awareness and advance diversity and inclusion efforts within Cetera and the profession as a whole, to develop financial professional resource groups to provide connection, to increase opportunities for those traditionally under-represented in the financial advice profession, and to connect with local communities through financial literacy outreach programs.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
