Why is wealth so concentrated in one demographic?
Why does the industry-leading these individuals look exactly the same?
How do make this impactful and expedited change?
In all honesty, we can’t sit around and use the excuse of “It takes time.” Yes, of course, it will take time to implement but not to start. I often heard this phrase every time in my corporate setting I would ask when we would have more females and advisors of color. The reality is, I truly believe people still think this is a career for men or don’t understand the awesome part of our career that we get to influence and participate in.
Sometimes, you have to trailblaze a road for others. On today’s podcast, I’m joined with the CEO and Founder of CHIP Professionals as well as fellow LPL Advisor, Dana Wilson. We discuss our experiences of finding these seemingly hidden careers, the advantages, and struggles of being women in a white, male-dominated industry. Dana founded CHIP Professional as a resource outlet for clients to find advisors of color specifically focused on black and Latinx advisors across the country.
Why should you as the end investor care about the diversity of an industry? It’s like so many industries out there that are battling the inclusivity of their cultures and I believe, call me bias, that our industry has the power to influence beyond just those that work in it but those that partner with us.
So two gals in different experiences yet tied together with a common goal — Dana and I break down the following:
Want to find an advisor or color utilize Dana’s company CHIP Professional and connect more with them via the below links:
Danas’s Podcast "The Included Series"
Connect and Follow Dana on LinkedIn
Dana also mentioned a great read in Power Up by Magdalena Yesil
Score our free Wealth Assessment tool on our website.
Securities offered through LPL Financial, a member of FINRA/SIPC. Advisory services offered through Advisors' Pride, a SEC registered investment advisor. LPL Financial, Advisors' Pride, Forethought Planning and the guests of Thrive For[e]ward podcast are separate and unaffiliated parties. Any of the parties listed above are not affiliated with Forethought Planning, Advisor's Pride, or LPL Financial. The views expressed here are those of the participants, and not those of Forethought Planning, Advisor's Pride, or LPL financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. LPL Financial and Forethought Planning do not offer legal services. All investing involves risk including loss of principal. No strategy assures success or protects against loss. ESG investing is subject to numerous risks; chief amongst these is that returns may be lower than when decisions are based solely on investment considerations. All company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. Because of their narrow focus, sector investing will be subject to greater volatility than investing more broadly across many sectors and companies.
