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.

Diversity Champion

Schwab Advisor Services

Custodian Employees:1,800+ AUM:$1.6 trillion

"As investor demographics shift, it is becoming increasingly important for firms to develop teams that offer a range of perspectives, experiences and backgrounds that reflect those of clients," said Lisa Salvi, vice president of business consulting and education at Schwab Advisor Services.

Schwab Advisor Services' RIA internship program for juniors and seniors offers students practical experience in client service, custody and trading support, portfolio construction, and financial planning. It introduces next generation individuals to the financial advice industry, and seeks to encourage more women to join the business. Since 2013, 31% of participants in the eight-week program have been women.

The firm also invites students to events like its 2017 conference and career fair, where women (44% of attendees) brainstormed in the Women's Think Tank over women's advancement in the industry.

Bernie Clark, executive vice president and head of Schwab Advisor Services, is a driving force behind these initiatives.

Mr. Clark participates in the events, meets students, and recently dedicated the Charles Schwab Financial Planning Suite at Virginia Tech's Pamplin College of Business.

The company also partners with the Charles Schwab Foundation for its University Grant Program, which supports initiatives such as Texas Tech University's week-long financial planning camp for high school students. About 46% of its participants have been female since 2016.

The firm also has created a guide for RIAs to on how to recruit women and build an inclusive culture.

Contact Leslie Tabor, managing director, business consulting & education, at, 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


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.