thewealthnet

FINAL DAY to have your say on D&I in wealth management

News Team, 07/05/2021

Today is the final day to complete the 2021 PAM Diversity & Inclusion Survey – an annual barometer of these issues in the private client and wealth management sectors.

This survey, now in its second year, looks at the attitudes of wealth managers, private bankers, wealth structuring specialists, and B2B support staff in the sector, as well as touching on the steps firms are taking towards building a more diverse workforce.

Last year’s results indicated that socio-economic background and ethnicity were the next frontiers of diversity.

The overwhelming majority of respondents said that people working in the sector were lacking diversity in terms of socio-economic background, with 81.9 percent either agreeing or strongly agreeing with this sentiment.

A high proportion also believed different ethnicities were poorly represented, with 68.2 percent agreeing or strongly agreeing with this sentiment.

This compared with around half of respondents who said the industry was lacking gender diversity.

Responses are anonymised. We very much appreciate you taking the time to complete the survey, which closes on Friday, 7 May at 6pm.