New York —
Morgan Stanley announced today that the Firm along with The Equity Collective has won the 2022 Money Management Institute (MMI)/Barron’s Industry Award for Inclusive Programs.
The Inclusive Programs category honors exemplary commitment and progress in embracing and advocating diversity, equity, and inclusion efforts in the investment advisory solutions industry.
The Equity Collective initiative, spearheaded by Morgan Stanley, is a group of 27 Wealth Management and Asset Management businesses who have come together to educate, empower and develop the next generation of diverse leaders in the finance industry. The group focuses on creating awareness and demystifying financial service career opportunities to break barriers while reaching future motivated leaders wherever they are. By partnering with three key organizations—Boys and Girls Clubs of America, Team IMPACT and helloHIVE diversity—The Equity Collective reaches high school, college and early career talent.
“Research shows that as a result of their upbringing or family circumstances, diverse youth often need to start thinking about what their career prospects are from a pretty early age,” said Carlos Munoz, Head of Asset Manager Diversity, Equity, and Inclusion (DE&I) Engagement at Morgan Stanley. “The Equity Collective is addressing this issue and working to demystify the financial services industry so that diverse young people can understand that there are many opportunities across this field.”
The members of The Equity Collective include: American Century Investments, American Funds (Capital Group), BlackRock, BNY Mellon Investment Management, Columbia Threadneedle Investments, Diffractive Managers Group, DWS, First Eagle Investment Management, Franklin Templeton, FS Investments, Goldman Sachs Asset Management, Hartford Funds, Invesco, Janus Henderson Investors, John Hancock Investment Management, Lazard Asset Management, Macquarie Asset Management, Morgan Stanley Investment Management, Natixis Investment Managers, New York Life Investments, Nuveen, PGIM Investments, PIMCO, Putnam Investments, Touchstone Investments/ Fort Washington, T. Rowe Price and Virtus Investment Partners.
Since its inception, the annual MMI/Barron’s Industry Awards recognizes innovation and leadership in the investment advisory solutions industry and celebrates outstanding achievement by honoring firms that have raised the bar by delivering superior solutions for financial advisors and investors. Founded in 1997, the Money Management Institute is an industry association representing financial services firms that provide financial advice and professionally-managed investment advisory solutions to investors.