The lack of diversity in the financial advice sector has long been lambasted, and it has been well documented that the profession is not yet reflective of society as a whole.
The most recent data from the Chartered Insurance Institute suggests that between 2015 and 2019, 81 per cent of financial analysts and advisers were white.
Likewise, diversity of gender, age and social background is also lacking across the financial advice profession.
According to the FCA’s figures, just 16 per cent of advisers are women and 8 per cent are under the age of 30.
The regulator certainly believes representation is an important part of breaking down barriers and encouraging more people to enter the profession.
Later this year, the FCA is set to bring out its diversity and inclusion consultation and will give firms the opportunity to share their thoughts on its proposals.
With all of this in mind, FTAdviser is excited to present a brand new series focused on the experiences of under-represented voices in the financial advice and wealth management sector.
Every fortnight, the New Voices series will bring you an interview with someone working in the world of financial advice and wealth management who challenge the stereotype of the industry.
Diversity comes in many forms: age, gender, race, social background, disability status, sexual orientation or religion.
New Voices will provide a platform for people to share their stories and experiences, as well as share best practice with their peers in the financial services sector, and encourage others to seek out advice as a compelling career.
If you would like to get involved with New Voices series, contact reporter Jane Matthews via email.