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firm Awards

These Diversity & Inclusion Awards focus on highlighting initiatives from companies that aim to boost the advice industry’s diversity and create a more inclusive environment for all.

Outstanding Practices have built businesses that foster diversity internally and recognize the importance of embracing a diverse clientele. Diversity Champions are companies that support advisory firms and have formal initiatives aimed at promoting diversity and inclusion.

Outstanding Practice

Navigoe

Registered investment adviser Employees:5 AUM:$250 million

Only a year ago, the Navigoe team reflected the financial planning profession's lack of diversity, with Partner Eric Toya being the only person of color. Believing this mix narrowed the firm's collective worldview, the company put the National Football League's "Rooney Rule" to work. It requires teams to interview a minority candidate for all open head coaching positions to ensure diverse interviewees.

Navigoe tapped its own network to encourage such applications for its available jobs and today, the five full-time team members comprise three men and two women, and include one African American, one Asian and one Latino.

"We have found that diversity fosters creativity and innovation. Company-wide decisions are less subject to groupthink, or cultural assumptions," Mr. Toya said. "Marketing, planning strategies and service processes are viewed through multiple lenses and perspectives."

Participation in professional diversity efforts is strongly encouraged.

Mr. Toya is currently chair of the Financial Planning Association's diversity committee, and Kathleen Boyd, a recent winner of the FPA diversity scholarship, is active on social media about the topic.

Once a quarter, the entire office joins in a day of community service, such as assisting at a school for children with special needs, or volunteering at the Long Beach AIDS Food Store.

Contact Eric Toya, partner, Navigoe, at eric@navigoe.com, to learn more about its diversity and inclusion initiatives.

— Vanessa Drucker

Lifetime Achievement

Rising Stars

See it, Be it Role Models

Outstanding Practices

Diversity Champions

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