Advisers should be implementing stringent, diversity-driven recruitment processes at their firms if they hope to realise the impact on their bottom line.
The business case for diversity and inclusion (D&I) is clear: diversity of thought brings nuanced experience and knowledge to any business. It can result in greater access to untapped markets and client bases and improve the ability of firms to identify opportunities and risks that might go unspotted through periods of success by managers who think the same way. Trade body Personal Investment Management & Financial Advice Association (PIMFA) says it is important for advisers to reflect the diverse communities that exist in the UK. Chief executive Liz Field explains: "People from diffe...
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