Strategies for Adding Diversity, Equity & Inclusion Initiatives in Solo and Boutique Firms-Session recording

Video Transcription

Video Summary

In this video, speaker Danica Waddell discusses the importance of diversity, equity, and inclusion (DEI) in the financial planning profession. She shares her personal journey as a career changer and explains why she made DEI a priority in her practice. Waddell highlights three main areas to focus on in relation to DEI: clients, team, and industry. She encourages financial planners to examine their outward-facing materials, such as their website and social media presence, to ensure they are inclusive and representative of the actual population. Waddell emphasizes the importance of using gender-neutral language and being explicit about the types of people served. She also suggests expanding networks and engaging with professional organizations that promote diversity in the industry. Waddell discusses evaluating vendor choices and making intentional decisions to support underrepresented groups. She recommends participating in mentorship and pro bono opportunities to help diversify the profession and increase accessibility to financial planning for all demographics. Waddell concludes by encouraging attendees to take action, whether it be updating their websites, diversifying their networks, or engaging in mentorship programs.

Keywords

diversity

equity

inclusion

DEI

financial planning profession

career changer

clients

team

industry

mentorship