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.
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.
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.
