There’s no pleasant way to discuss what has been going on in our society these past weeks. Rampant polarization continues to wreak havoc in new and painful ways. I won’t pretend to have solutions.
But I do believe that knowledge improves discourse, and discourse leads to solutions. Therefore, please find several great reads this week that address the unfortunate situation we find ourselves in.
First, please read this contributed article by Calvert Research CEO John Streur. He writes: “Ending racism in America is a responsibility of corporations, and corporations must recognize that their current efforts to promote their core values, and their diversity and inclusion programs, fall far short of what is needed today.” That’s just the start; I urge you to continue to the end.
Next, please take time to read Nicole Casperson’s reporting on how the nationwide protests have highlighted the challenges facing nonwhite advisers. The multiple sources and perspectives deserve your attention.
This third piece might be the most important read of the week. On LinkedIn, Shundrawn Thomas, president of Northern Trust, wrote “Breaking the Silence.” In it, he shares a startling story that speaks powerfully to current events.
Read. Absorb. And, just maybe, we can all do better.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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