Once again this year, the BLX Internship Program has a major problem on its hands:
Too many talented, diverse interns and not enough firms to take them on.
The program was founded in late 2020 by a group of four advisors who wanted to see the industry more accurately reflect the nation it serves.
Known as BLX for short, the organization's goal is to provide an opportunity for underrepresented financial planners to secure internships at independent financial planning firms.
"Unfortunately, we won't be able to place every applicant because we just don't have that many firms," co-founder Luis Rosa said. "The way it's looking with the number of applications, even if half are qualified applicants, we're still only able to place about a fraction of the qualified applicants."
Read: Why the BLX Internship's supply and demand problem is one worth celebrating
Via Financial Planning writer Justin Mack in a year-end round up of stories on DEI
Link to the full article is in the comments below
Accounts Development Executive | Sales, Business Development
1moLove this! Such a great way to get introduced to the industry and grow !