Fostering Diversity and Inclusion in the Financial Planning Profession

Marguerita Cheng |

The financial planning profession stands at a crossroads of change. As we push towards creating a more inclusive and diverse profession, reflecting on our journey, understanding the importance of this transformation, and highlighting practical steps for advisors and firms to embrace diversity is crucial.

In 2007, my journey into fostering diversity in financial planning began with my involvement in CFP Board’s Women’s Initiative (WIN), aiming to bring more women into the profession. This endeavor evolved into a broader commitment as I joined the Diversity Advisory Group (DAG), driving efforts to make the profession more inclusive and reflective of society’s diversity. At the same time, I contributed to the diversity initiatives of the Financial Planning Association (FPA) by leading scholarship programs to reduce entry barriers for underrepresented groups.

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