D&I: Why advisers 'must acknowledge their own privilege'

Why conscious inclusion is important in the advice arena

Jenna Brown
clock • 1 min read

Discussing privilege in the context of diversity and inclusion (D&I) is a touchy subject but one which is essential when running a modern financial planning business, delegates heard.

Magenta Financial Planning director Gretchen Betts said acknowledging your own privilege was something that could make people "quite fidgety" but it was very important to recognise it while on the D&I learning curve. She said: "It's really important that we address our own privilege before we stop think about this learning curve and I think the important thing is that it can help us make better decisions if we are aware it [privilege]." Betts referenced a quote which said "privilege is usually invisible to the person who has it until it's pointed out or after the privilege is taken aw...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

MKC Wealth acquires Yodelar

MKC Wealth acquires Yodelar

Deal brings £120m in assets and 270 HNW clients under MKC’s management

Sahar Nazir
clock 08 April 2025 • 2 min read
Pension freedoms a 'success' but DC challenges ahead

Pension freedoms a 'success' but DC challenges ahead

Members should take time to consider how and when they will take retirement income

Jasmine Urquhart
clock 08 April 2025 • 2 min read
The rarely discussed barriers to closing the advice gap

The rarely discussed barriers to closing the advice gap

'The real issue isn't just access, it's attitudes, representation, and engagement'

Harry Webster
clock 04 April 2025 • 7 min read