Frederick P. Gabriel Jr.
InvestmentNews believes a spirit of diversity and inclusion is good for the financial advice profession. It makes both the profession and society stronger.
Diversity and inclusion also help us attract and retain talented people and do a better job of engaging clients in need of professional financial advice.
Our 2019 Diversity & Inclusion awards and recognition program is intended to highlight D&I in financial advice and, more importantly, promote the proliferation of equal opportunity for everyone – regardless of their ethnicity, gender, sexual orientation and physical limitations.
Let’s be honest. In a profession beset by regulatory, demographic and market pressures, diversity and inclusion rank pretty low on the average firm’s list of business priorities.
An InvestmentNews survey conducted earlier this month of nearly 500 financial advisers found that nearly 77% of respondents believe that it is "not at all difficult" to build a racially diverse client base without a direct effort to foster racial diversity within the advisory firm, while only 17% responded that it is "somewhat difficult."
As an industry, and as leaders within it, it’s our responsibility to be more intentional in building a more diverse and inclusive profession. Hopefully, the stories found here will inspire you.
I challenge you to read about our Lifetime Achievement Award winner, John W. Rogers Jr., chairman and co-CEO of Ariel Investments, the nation’s largest African-American-owned asset management firm, who has dedicated his entire professional life to promoting diversity and inclusion in the financial services, without asking yourself “What should I be doing?”
We are happy to celebrate and honor all those who have overcome formidable obstacles to make this industry more diverse and inclusive. I hope that what you find here will also serve to challenge you, and inspire you to continue to fight the good fight and work toward creating a profession where no one is made to feel “less than” who they really are.
Thank you to all the members of our D&I Advisory Board who worked alongside the InvestmentNews team to inform our content and develop an outstanding award initiative. We could not have done this without you.
— Frederick P. Gabriel Jr., Editorial Director
Chairman, Ariel Investments
First Vice President, Diverse Client Segments, Wells Fargo Advisors
Wealth Adviser, Pioneer Wealth Management Group
Wealth Adviser, Trilogy Financial
See it, Be it Role Models
Senior Vice President, Morgan Stanley
Investment Management Consultant, Hake Investment Group
Financial Planning Program Director, Prairie View A&M University
Founder and CIO, Aligne Wealth
Former Head of Diversity Markets, AXA
Senior Vice President, Calamos Wealth Management
Co-founder and CEO, InvestmentPOD
Private Wealth Adviser, Merrill Private Wealth Management
Senior Vice President and Financial Adviser, Morgan Stanley
Managing Director, Business Consulting and Education, Schwab Advisor Services