Wealth Consulting Group
Registered investment adviser Employees:125 AUM:$1.4 billion
Minority-owned Wealth Consulting Group has always focused on diverse hiring, believing that a diverse workforce leads to more effective business decisions, discourages groupthink, and attracts a broader group of clients. Taking this approach to recruitment has awarded the firm with a team representing a wide range of demographics.
About 35% of its advisers are female, including half of its top-producing advisers. Women make up just over half of the firm's total head count. About a third of Wealth Consulting Group is of non-white ethnic descent, and 5% identify as LGBTQ.
"It's a personal passion for me to lead a mission for our firm to look like the investors that represent the communities that we serve," said CEO Jimmy Lee. "As a first-generation immigrant myself, I feel grateful to be in a position to promote diversity and inclusion."
Mr. Lee is leading an initiative to develop a focus group of Asian and Hispanic advisers, who will target clients from both ethnicities.
The firm has also developed a program called "Women Owning Wealth," tailored to women investors, and several executives are actively building assets within the firm's High Impact Portfolios, which include companies that promote gender, ethnic and lifestyle diversity.
Contact Jimmy Lee, CEO, at firstname.lastname@example.org, or Marlo Stil, managing partner, at email@example.com, to learn more about its diversity and inclusion initiatives.
— Vanessa Drucker