Investopedia: “How to Find an LGBTQ+ Friendly Financial Planner”
May 27, 2021, Investopedia — An article by Marguerita Cheng, CFP® Pro, is featured in today’s issue of Investopedia for the LGBTQ community.
Rita writes: “If you’re part of the LGBTQ+ community, finding a financial advisor who is LGBTQ+ friendly can be both important and challenging. As a whole, financial advisors aren’t a diverse group of people. The average age of a financial advisor is 55, and 20% of financial advisors are 65 or older, according to a 2019 study by J.D. Power.1 Of the 80,000 CFP® professionals, fewer than 3.5% are Black or Latinx. And the CFP Board only recently announced in 2021 the option to choose a non-binary gender for current planners and future applicants.
How can you get the best financial advice from an industry that doesn’t seem to have a very diverse pool of people to choose from? As a Certified Financial PlannerTM, I get it. Money is personal. What works for one person may not work for you. But here’s the thing: Financial planning should be available to every person. You deserve the absolute best financial advice, and finding a financial advisor who caters to your unique financial needs as an LGBTQ+ person can make all the difference.