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.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
