Discussions on Diversity and Racial Equity

To advance open dialogue on diversity and racial equity, FlexShares has released a growing series of Flexible Advisor podcast episodes from leaders from within Northern Trust and the wealth management industry. 

Listen to all podcasts or click episodes below.

speaker-1

Shundrawn Thomas
President
Northern Trust Asset Management

Leadership and Diversity

speaker-2

Connie Lindsey
Head of Corporate Social Responsibility, DE&I
Northern Trust

Strategies for Advancing Racial Equity and Diversity

speaker-4

Malcolm Ethridge
EVP, Financial Advisor
CIC Wealth

Raising Awareness of Financial Planning in Diverse Communities

speaker-3

Dana Wilson
Founder and CEO CHIP

Connecting Investors to Advisors of Color

Subscribe to The Flexible Advisor podcast (available wherever you download your podcasts) to be alerted when new episodes on this topic and many others are published.

KEY FINDINGS

What do investors look for in a financial advisor? How do firms find new talent? The numbers tell a compelling story about the growing power of diversity.

59%

of firms with diversity initiative say it benefits their culture

61%

of advisors recruit from their personal networks

72%

of investors want their advisor to be supported by a team

Next
FlexShares - Diversity is Good Business for Advisory Firms

Diversity is Good Business for Advisory Firms

Our study on financial advisors’ diversity perspectives and practices identified many benefits for firms positioning themselves for shifting demographic tides. But it also found that many firms may be missing the boat.

What's different about this content?

  • We studied investor preferences for advisor teams (vs dual and solo practitioners) and for diverse advisors (age, gender, race, LGBTQ).
  • Second, the study evaluates the motivations behind team building and diversity and evaluates these relative to other strategic priorities.
  • Third, the study evaluates the mechanics of team building and diversity. How are diversity-oriented firms finding and recruiting diverse talent?