Wall Street group CFA running away from its embrace of DEI

The CFA Institute has begun to downplay its controversial DEI initiatives – a major retreat from the once-popular but now dubiously legal hiring framework, On The Money has learned.

“Under CEO Margaret Franklin, the CFA Institute has tax-exempt dollars building what is now the largest DEI coalition in the world by assets under management,” said one CFA member who asked not to be named. “Now it appears they are rewriting the rules, but the damage has already been done.”

Obtaining a CFA charter is among the more prestigious private label designations for wealth managers. The institute bills itself as the “gold standard in ethics and transparency in finance.” 3

It boasts 200,000 professionals working at some of the world’s largest financial companies, managing trillions of dollars of