Dozens of financial advisors managing over $16 billion in assets have issued an open letter urging corporations to abandon Diversity, Equity, and Inclusion (DEI) initiatives. They argue that DEI programs create division rather than fostering true inclusivity and warn that recent Supreme Court decisions and lawsuits have made DEI policies a legal and financial liability. Citing examples like the University of Michigan’s failure to achieve inclusivity despite a $46 million investment, the letter calls for companies to realign with shareholder and consumer values.

The advisors also predict that the incoming Trump administration, alongside Vice President-elect J.D. Vance, will accelerate the rollback of DEI policies through legislation and executive actions. They highlight the moral and practical risks of corporate adoption of DEI, urging businesses to prioritize merit-based practices, free speech, and transparency to protect investments and foster trust. This bold critique signals a growing pushback against DEI in corporate America.
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