Diversity and results, digital rankings, DOL ESG rule & Kamila Elliott Q&A

Just in time, TWIWM is back with 10 wealth management news items from your team at Financial Planning.

The link between minority representation and company performance By FP Chief Correspondent Tobias Salinger: "Companies with greater minority representation in management roles perform better than their peers on at least a half dozen business metrics, according to a new study."

J.P. Morgan and Charles Schwab top J.D. Power ranking for best digital experience; Vanguard and Merrill at the bottom By FP Wealthtech Reporter Justin L. Mack: "J.D. Power released its 2022 U.S. Wealth Management Digital Experience Study, ranking the industry's biggest players on how effective they are at delivering a digital experience that works for investors instead of against them."

Green thumbs up: DOL rule allows retirement advisors to consider ESG in offerings By FP Reporter Dan Shaw: "Advisors for 401(k)s and similar plans would be able to offer retirement savers investment plans tailored to particular environmental, social and governance goals under a new federal rule."

Kamila Elliott, first Black CFP Board chair, reflects on 2022 By FP Reporter Victoria Zhuang: "It's been a year of milestones for Kamila Elliott, and by extension the wealth industry where she is a leader in many communities."?

LPL notches another huge recruiting win with Commerce Bank By FP Chief Correspondent Tobias Salinger: "LPL Financial's share of bank and credit union-based wealth management programs keeps expanding, with its latest billion-dollar recruits adding to?its record headcount."

New RIA acquirer makes second billion-dollar deal in a month By FP Chief Correspondent Tobias Salinger: "The wealth management arm of a major accounting firm that received a private equity investment earlier this year is folding into a registered investment advisor owned by the same investor."

What the IRS's $80 billion in funding means for your tax return By FP Managing Editor Lynnley Browning: "Should taxpayers expect more scrutiny from the Internal Revenue Service, a chunk of whose $80 billion in additional funding will pay for more auditors to ferret out tax cheats?"

M&A gone astray: Financial advisors fighting in court after parting ways By FP Chief Correspondent Tobias Salinger: "In a cautionary tale for financial advisors, the sale of a significant advisory practice for $3.6 million nearly three years ago has entered a new round of costly litigation."

Mix up these 8 money-themed drinks this Thanksgiving holiday By FP Editor-in-Chief Brian Wallheimer: "Some financial advisors live and breathe their work. Now, they can drink it, too. We've scoured the internet for money-themed cocktail recipes that can add a financial planning twist to your holidays. Or a Tuesday evening. Whatever."

5 personal stories to inform your career in financial planning By Arizent Growth Content Writer Courtney Hoff: "Whether you're a CEO needing to adapt and transform your business practices rapidly in response to COVID-19 or a college senior having your plans for a career in live music events upended by the same pandemic, the financial planning industry is filled with a wide variety of career journeys."