Over the past several years, a great deal of ink (virtual and literal) has been spilled in the name of improving representation and participation in the wealth management industry. It’s perilously easy to say the right things in print about how you hope to see our industry evolve. But when those words shift to taking action, it bears note.
That’s why I’m excited to share the news of Diversitas, a free virtual event to be held Tuesday at which leaders from across the wealth management industry will gather to examine practical alternatives to make the industry better represent society.
What strikes me about this event is that it makes me think it’s not just “another diversity effort.” Diversitas, which will be held at the University of Akron, features C-level executives from across the industry, including Cetera, Cambridge Investment Research, BNY Mellon Pershing, Charles Schwab, MarketCounsel and more.
That level of executive participation indicates a commitment and vision to initiate changes that can do good for the industry by increasing engagement in the financial services industry, and potentially, do well for others by engaging new communities in the space, bringing in new assets and helping more people reap the benefits of the skills financial advisers offer.
I encourage you to visit the Diversitas website to learn more about the event.
Recruited assets, organic growth both powered ahead
Goldman Sachs' Padi Raphael, Global Co-Head of Third-Party Wealth, said the "door is always open" regarding a potential RIA referral program, as the firm looks to serve the "mega trend" of growing wealth from independent advisors.
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