When it comes to
Key to successful retention is creating an inclusive environment for all employees to thrive, according to Richard Shaw, CFP Board director and principal and senior client advisor at Bessemer Trust.
"Without inclusion, retention is not possible," Shaw said, speaking on a panel Thursday at the CFP Board Center for Financial Planning's
"If employees feel a sense of belonging — they can bring their authentic sense of self to work every day —
Shaw moderated the panel, aptly titled "Creative Retention Strategies: Case Studies in Practice," which featured Kobby Okum, a financial advisor at Edward Jones; Lindsey Woodward, co-chief investment officer at RIA Abacus Wealth Partners; and Leslie Yambao Tabor, director of business consulting and education at Charles Schwab's Schwab Advisor Services. The panel was a follow-up to a
Several firms at the event, including lead sponsor
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Below are several tips shared by experts and industry leaders at the event, as well as the CFP Board's May paper, on how leaders can not only hire diverse talent but also keep it.