BrokerHunter Weekly Update 11/9/2021
November 9th, 2021
Schwab, Ariel Execs Speak Out on How Clients and Firms Can Boost Diversity
by Jane Wollman Rusoff
When the issue is hiring more African American financial advisors, a firm’s top management must indeed support and sponsor the move. But the impetus must come from clients and employees, argues John W. Rogers Jr., chair and co-CEO of Ariel Investments, in a recent interview with ThinkAdvisor.
Clients “need to insist that the company they work with look like America. If wealthy families told their advisors, ‘We want to see a diverse team in our [advisory] relationship,’ all of a sudden, those institutions would show up with a diverse team,” Rogers contends in the joint interview with Kelly Johnson, fixed income portfolio manager with Charles Schwab Investment Management.
Click here to read the full article from ThinkAdvisor!
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