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Editors Note: This column is part three of our series on the intersection of financial advice and different cultures, historical backgrounds and identities. Morningstar Office clients can find more Morningstar DEI research and commentary here.
Because I focus on financial planning for the LGBTQ community, I often get the question, “what makes LGBTQ planning different?’”
Behind this question, there may be the thought that it has been almost six years since
Obergefell v. Hodges made marriage equality the law of the land. Additionally, last summer the U.S. Supreme Court ruled that employers couldn’t discriminate against their LGBTQ employees. So, everyone is pretty much on equal footing, right? Not quite.
Oddly, the progress actually has been extremely slow even though we ve already seen this kind of push for several years, Lee said.
This year, MSCI s annual Women on Boards report showed a notable slowdown in the rate of increase for female representation on boards with a gain of only 0.6 percentage points among constituents of the MSCI ACWI index, the firm s flagship global equity index, Lee said. If you take this kind of trend of progress over the past four years and you project it forward, it s going to take until, like, 2029 for women to comprise 30% of corporate boards, she said.