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The American College of Financial Services, the nation's only non-profit, accredited college devoted to financial services, has launched a scholarship program aimed at increasing the number of African Americans in the financial services profession.  This fund is part of a broader coalition effort to double the number of African American financial advisors over the next decade.

I have long contended, if our industry is to realize any significant change in the representation of women, that change must be driven from the top down. Our industry can take a lesson from two organizations that have made concerted efforts around diversity and are working to create a leadership pipeline for women and minorities.

Due to the fact that women live longer than men and that women still are only making 79 cents for every dollar men make, they have a more difficult time achieving retirement security. Even with statistics not in their favor, women do still have options when it comes to financially securing themselves as they age.

Jocelyn Wright has been chosen as a "Women to Watch." InvestmentNews is honoring female financial advisers and industry executives who are distinguished leaders at their firms. These women have advanced the business of providing advice through their leadership, passion, creativity and willingness to help other women along the way.