News

May 11, 2017 | Financial Advisor Magazine

Can New Initiatives Put Women In The Advisor Pipeline?

By: Christopher Robbins

Jocelyn Wright pointed out that women cannot create a more equitable industry on their own. As more woman advisors seek to create similar initiatives within their firms, they will have to seek and encourage assistance from male allies.

May 9, 2017 | MarketWatch

Why There Should be More Minority Financial Advisers

By: Alessandra Malito

The financial services industry is lacking diversity, in all sorts of ways. About 30% of personal financial advisers were women in 2016, according to the Bureau of Labor Statistics, but the numbers are even lower for minorities: only 6% of all advisers were black, 7.7% were Asian and 7.1% were Hispanic.

May 1, 2017 | Insurance News Net Magazine

Helping African-American Clients Bridge the Wealth Gap

By: Jocelyn Wright

While Americans in general are severely underfunded for retirement, black Americans in particular lag even further behind. In fact, almost 75 percent of African-Americans have less than $10,000 in retirement savings, compared to just 48.6 percent of white Americans.

April 25, 2017 | Financial Juneteenth

Did You Know There’s A Need For More Black Financial Planners?

By: Ryan Velez

There has been a long-time call for more African-American professionals in a variety of fields, ranging from medicine to education. Black Enterprise has a recent article calling attention to an area with a dearth of Black professionals that rarely gets much attention: financial services, planners in particular.

April 24, 2017 | Black Enterprise

We Need More Black Financial Planners

By: Robin White Goode

There is a growing wealth gap in our country, as well as a looming retirement crisis, particularly in the black community. There is a correlation between having more advisers in the profession and more empowerment around our finances.

April 4, 2017 | Asset TV

Promoting and Retaining Diversity in Financial Services

By: Maya Chung

A lack of diversity in financial services persists even as U.S. demographics become increasingly heterogeneous. The American College of Financial Services' Jocelyn Wright sat down with Asset TV to explain why it's so important for the financial services profession to attract and retain diverse individuals, and how the industry is working to attain these goals.

April 4, 2017 | Black Enterprise

Scholarship Alert: The American College of Financial Services

By: Robin White Goode

The nation’s only nonprofit, accredited college devoted to financial services has begun a scholarship program with the goal of increasing the number of African American financial advisers. The scholarship fund is part of a larger effort to double the number of black financial advisers over the next decade.

April 1, 2017 | Insurance News Net Magazine

Widows, Widowers and Their Advisors: A Glass Half Full

By: Sandra Timmermann

There’s a statistic that has become something of an urban legend in the financial field. It states that two-thirds of widows leave their advisors after their husbands die, but that widowers tend to stay with their advisors after their wives die.

March 31, 2017 | Pix 11 News

What is Going on with Women and Wall Street?

We have a movement going #beboldforchange. It is our time, there are very few of us women on Wall Street and we are trying to change that. What are the events that are causing all of this?

March 27, 2017 | PlanAdviser

Industry Leaders Aim To Increase Number of African American Advisers

By: John Manganaro

Even though African Americans make up about 13% of the United States population, the U.S. Bureau of Labor Statistics reports they account for only about 7.6% of financial services practitioners. In response to this significant representation gap, several business and community leaders are leading efforts to change the face of the advisory industry into one more representative of the United States as a whole.