President Mehta Financial Group Richmond, Va.
As a first-generation immigrant, Divam Mehta saw first-hand the hardships that can come from financial illiteracy. He was five when his family arrived here from India, and — like many newcomers — encountered cultural obstacles, language difficulties and monetary problems. He witnessed many immigrant families descend into economic chaos because they arrived with few, if any, assets, were naďve about the U.S. tax laws, and had no guidance in personal financial affairs.
Mr. Mehta grew up to become a financial planner. And as part of his practice he opened in 2010, he hosts free seminars to help members of his community build a solid financial foundation early and not squander the formative years of their new lives.
"My personal definition of diversity is having equal opportunities for all members of society to succeed, not necessarily having equal outcomes. … It is paramount that these diverse groups of individuals have financial advisers who they can relate to culturally, linguistically and ideologically," he said.
To that end, he is lobbying the Financial Planning Association to recruit, educate and empower financial advisers of varying backgrounds to learn about different nationalities and societies.
"Only by learning about different cultures and their nuances can the financial planning profession be truly all-encompassing and diverse."
— Kathy J. Mills