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Black investors prefer Black advisers. What happened to being ‘color-blind’?
The Ariel-Schwab Black Investor Survey quantifies a strong preference by Black investors to work with advisers who mirror their identities.
Black Americans more engaged with investing, especially outside the mainstream
Black Americans increasingly turn to newer types of assets, like cryptocurrency, that are less likely to be associated with structural discrimination, according to a study from Ariel and Schwab.
Firms outline DEI efforts for Black History Month
Financial services companies recognize Black History Month, and DiversityQ has guidance for being a better ally.
Schwab files for first actively managed ETF
The fund will be employ ESG criteria and will be sub-advised by Ariel Investments.
How Black-owned fintechs are closing the racial wealth gap
Minority-owned firms have a more challenging road to land funding, without which firms are unable to reach the next level of growth or attract the intellectual capital needed to take on competitors.
Ariel Investments launches firm to build minority businesses
The private asset management firm, Ariel Alternatives, aims to build certified minority enterprises that can supply Fortune 500 companies.
Black advisers share wide-ranging views of Capitol Hill riot and its fallout
The attack on Jan. 6 highlighted racial injustice, according to some advisers, as wealth management firms prepare to double-down on diversity efforts aimed toward building a more inclusive industry.
