I don't think anyone needs a refresher on the dismal state of diversity in wealth management. And with women, minority and LGBTQ+ advisors still pulling in demographic percentages in the single-digits, there frankly isn't a lot to be said.
The situation is similar within wealthtech, leading individuals and organizations to come up with fresh ideas to address the problem. Those on the front line say the conversation is starting to change, but the work is far from finished.
With that mission in mind, Financial Planning wants to introduce you to the underrepresented folks in fintech who are making it happen, despite the demographics, in a new profile series. This isn't another "people to watch" list. This isn't another top "whatever under whatever" list. This is simply a celebration of people traditionally overlooked by an industry that they've dedicated their lives to.
Let's make sure the entire industry sees you.
Kicking things off for us is Michelle Tran, a Vestwell SVP and the co-founder of NYC Fintech Women — an organization focused on empowering women in the space that has grown to more than 8,000 members after starting with 16 women meeting in a New York bar on a rainy night. Read Michelle's story and find out why her tireless dedication has been a boon to so many.
Do you know someone we should meet? Tell me all about them at justin.mack@arizent.com. Have a fantastic rest of the week. And remember. It's already almost Friday.
Regards,
Justin |  | Justin Mack
Reporter, Financial Planning
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| By Justin L. Mack 10 min read | The fintech veteran and NYC Fintech Women co-founder is doing it all, and wishes she could do more. Read story → |
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| | | By Justin L. Mack 9 min read | Studies show that the market has created a "Goldilocks" moment for alternatives. But technology and the industry need to work together to get it "just right." Read story → |
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| | | By Justin L. Mack | A new Arizent study finds that the wealth management industry is deploying AI tools in a significant number of cases at a rate three times higher than those in banking, and even higher when compared to mortgage and insurance. Read story → |
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| | | By Justin L. Mack 4 min read | The Women's World Banking innovation challenge wants to fast-track ideas that support women's economic prosperity and empowerment. Read story → |
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| Advances in Tech brings together some of the latest technologies that are helping the industry move forward. Each demo showcases what the software or technology is doing to advance the industry and help you help your clients. Learn More → |
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| | | By Jem Shin | Here's a list of the terms that advisors interested in crypto should be familiar with. Read story → |
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| | Follow Financial Planning in real time. More ways to get the most trusted industry news and analysis. |
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| | | | | | | | | | | | | | | RESOURCES | | | WEB SEMINAR | | Tuesday, August 16, 2022 11:00 AM EDT | Join Peter O'Neill, Director and Senior Fixed Income Portfolio Manager, at Bank of America, and Blake Lynch, Head of Business Development, IMTC, as they discuss the role of separately managed accounts in the muni market with The Bond Buyer's Lynne Funk. Learn More → | | | REPORT | | | After years of working under the constraints of the brokerage model, advisor Ralph Courage was experiencing real burnout – he was ready for a change. Learn More → | SPONSOR CONTENT FROM Schwab Advisor Services | | | REPORT | | Thursday, July 28, 2022 3:00 PM EDT | The day after the Federal Open Market Committee's next meeting we will analyze the increase and the signals about what rate hikes may be coming. Learn More → | | | WHITEPAPER | | | Firms need to focus on improving business processes to keep employees engaged and satisfied Download Now → | SPONSORED BY ServiceNow | More resources → |
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