Influential figures such as Hollywood powerbroker Harvey Weinstein and casino mogul Steve Wynn have had their careers ended amid allegations of sexual misconduct. And several members of the House of Representatives have resigned in recent months over accusations that they too had engaged in misconduct. Wealth management is not immune from these problems. To read the full article in FinancialPlanning, click: Will #MeToo Come to Wealth Management Next?
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The dominoes keep falling—allegations of sexual harassment are rampant. Who is next? The wounds are open, and it is time to start healing. Before we can do that, though, we have to wonder why we have not seen more reports out of the wealth management industry recently. In part, I believe it is because our male-heavy finance culture went through a slew of sexual harassment cases in the 90’s, including the egregious “boom boom room” case at Smith Barney. To read the full article in FinancialPlanning, click: How Small Financial Advisories can Prevent Sexual Harassment.