Financial inequality is a long-standing issue that can have a multi-generational impact. While there’s no easy solution, Prudential is tackling this problem from the inside out.
Today, just 1.8% of certified financial planners are Black, according to Prudential research. The typical profile of the financial services industry is dominated by white men, and while perhaps unintentional, their approach to hiring and recruiting has excluded those outside of this demographic, says Salene Hitchcock-Gear, president of individual life insurance at Prudential.
