Racial equity groups team up to recruit diverse financial services talent

What do you want to know

  • FARE and HBCU Connect hosted a hybrid recruitment event to recruit top diverse talent from FARE member companies.
  • FARE member companies include Advisor Group, Franklin Templeton, Nationwide and RBC Wealth Management, which funded the event.
  • Two events similar to the one held last month are planned for next year.

The Financial Alliance for Racial Equity (FARE) and Historically Black Colleges and Universities (HBCU) Connect recently hosted a hybrid in-person/virtual hiring event to recruit top diverse talent to FARE member companies, including Advisor Group, Franklin Templeton, Nationwide and RBC Wealth Management, which funded the event.

“Many financial services companies across the country are recognizing the need to attract a more diverse workforce to ensure they have the best talent, have a more inclusive outlook, and the resources to better respond to the needs of underserved communities,” according to FARE.

“One of the challenges has been that many black or diverse students struggle to see themselves stepping into an industry that has historically been led by white C-suite executives with limited exposure in communities of color,” said said the organization just ahead of the Oct. 19 event, called “Find Your Place in Financial Services: Learn, Connect, Network,” in Columbus, Ohio.

FARE decided to take a “different path to engage black and diverse students to help them see the incredible opportunities the financial services industry has to offer,” he noted.

The goal of the event was for students to learn more about financial wellness and how they could join FARE Enterprises in their mission to increase and empower black and diverse representation in financial services.

Students also received personalized advice to improve their CV and LinkedIn profile and had the opportunity to interview FARE member companies for available internships and full-time positions.

FARE sponsored the trip for 50 HBCU students, including 20 from across the United States and 30 from other local universities to attend in person, while virtual interaction was made available to students from HBCUs across the country. More than 350 students registered to attend the event, including around 60 in person.

“Together we are stronger”

FARE was launched in September 2020 with the mission “Together we are stronger,” Suzanne Siracuse, CEO and Founder of Suzanne Siracuse Consulting Services, told ThinkAdvisor during a recent online briefing held after the event. hiring.

“We were hoping it would be in person,” but the COVID-19 pandemic caused them to hold it in a hybrid format, she noted. About 16 students from local universities attended, more than 30 students attended in person and another 60 participated during the live stream, she said.

However, as part of promoting the event, organizations asked students to send in their resumes and received about 700, she added.

“We knew if we were going to have the impact and the numbers that Suzanne just shared, we had to do it together,” Kristi Martin Rodriguez, senior vice president, Nationwide Retirement Institute, told ThinkAdvisor at the same briefing.

Add Comment