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Advisor Insights

Why Diversity Is Good for Your Business (and the World)

Advisors are rewarded in many ways when they grow diverse teams.

This article originally appeared in Morningstar Direct Cloud and Morningstar Office Cloud.

These days, we seem to be hearing about the need for greater diversity within financial advisor firms all the time--at conferences, in the media, and from our various provider channels. There are even diversity awards and firm profiles for those organizations embracing diversity. What does it all mean? Is it just a temporary, “politically correct” phase? Are there benefits or drawbacks? How can a firm increase diversity?