Diversity for the Sake of Diversity?
Beverly Flaxington is a practice management consultant. She answers questions from advisors facing human resource issues. To submit yours, email us here.
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We recently hired a female advisor because our founder is focused on “diversity.” She had a questionable track record at another firm, left on bad terms (I know someone who is an advisor there and I checked it out) and has rubbed people the wrong way since she came here. There are five of us (she makes six) and I don’t think there is anyone she has not offended or upset in some way. I’m not averse to hiring for gender. But don’t you have to make sure someone is a good fit with your firm? What do you think about this trend toward diversity for the sake of diversity?