Focusing on the need for greater industry-wide diversity among independent RIAs, Schwab Advisor Services has launched a comprehensive, multi-faceted program to help advisors understand the opportunity for and the value of creating a diverse workforce, and to help them take action to accomplish that goal.
The firm’s new RIA Talent Advantage™ program is designed to help firms build a culture of inclusion and more effectively attract, promote and retain talent at their firms and be optimally positioned to thrive in a highly competitive marketplace. A key component of the program is the creation of a new LinkedIn community to provide a resource to help RIA firm leaders, employees and all advocates of diversity connect with peers, and to discuss, share and learn strategies for building a culture of inclusion in their firms. The community will be a hub for custom content, including guest posts from industry thought leaders, proprietary and third-party research, moderated discussions and connections to educational programming.
The program will focus on three important aspects of advisor talent and investor segments: Generation Now (investors between the ages of 30-45), ethnic diversity and increasing female representation.
The first phase of the program will focus on helping advisors better serve women through the recruitment of more female talent, and is intended to help advisors create an inclusive culture, develop women and men currently in the industry, and make the RIA industry a destination of choice for women advisors and investors.
