For-profit companies place more importance on sustainability and diversity programs than nonprofits, according to a recent survey by PNC.
Some 70% of for-profit business leaders said social responsibility across the board is a very high priority, compared with 59% of nonprofit leaders, the survey found. Meanwhile, 23% of for profits said it was somewhat important, as did 32% of nonprofits.
Of those that indicated that social responsibility was important, 32% of for profits said environmental sustainability was their top concern, followed by diversity, equity and inclusion (22%) and employee benefits (13%). Sustainability was also the most common top concern among nonprofits, at 19%, ahead of ethical business practices (10%) and community development and outreach (10%).
For-profit groups were also more likely to have sustainability initiatives or programs than nonprofits, at 79% versus 67%. Additionally, 76% of for profits indicted they have DEI programs, while 59% of nonprofits said so.
PNC commissioned a survey in December of 120 for-profit executives and 120 nonprofit leaders. Most of the entities had annual revenue of $50 million or more, according to the report.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor