 “The most successful firms are adopting a new attitude. For too long, the attitude has been defensive – 'How can we avoid being sued for discrimination?' Today, the focus needs to be, 'We want to expand to new markets, and we are going to need a diverse workforce to do that.”Allan Hiss, a senior sourcing consultant for the diversity sourcing group at Wells Fargo & Co. |
Financial advice business grapples with diversity challenges
Carl O'Donnell | InvestmentNews, January 2014
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Summary: While America is only decades away from becoming a minority-majority country, the financial planning industry is still stuck with demographics that are eerily reminiscent of a 1950s sitcom. At 76% male, the industry claims only a slightly higher proportion of women than in police jobs nationwide, according to the Bureau of Justice Statistics. Young people don't fare well either, with more than half of planners topping 50.
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