White privilege. As a brown person who has been living in NA for the past 5 years, I thought this was something that black Americans use to play the victim. But now with my experiences, I slowly started to realize that yes White privilege is real and it's not going away anytime soon. I also find that this is not unique to NA. I am from India where the caste system is still alive & thriving too. Even for H1B, odds are in your favour if you are an upper caste along with your manager who is also an upper caste.
Vanguard, Fidelity, Schwab, and other discount brokers will allow people of all races to open brokerage accounts and purchase low-cost ETFs and mutual funds. A "private client" relationship with a broker at JPMorgan Chase (the subject of the article) may cost you a lot of money in fees.