Tabor says firms should think of DEI as a business competency that supports its growth. “Future clients are going to be more diverse,” she tells the publication. “The following generation will identify with one or more diverse races or ethnicities. Diversity is just good for business.”
Tabor says that last year Schwab launched “a multi-year DEI roadmap and a 12-month action plan” as part of a program for clients. The effort led to 94 advisors embarking on a “five-month learning journey” toward building a more inclusive DEI culture.