ING/Voya boosts female adviser head count past industry average

The firm has doubled its female financial adviser force over the past eight years with networking and mentoring programs

Aug 28, 2014 @ 11:05 am

By Liz Skinner

ING Financial Partners has more than doubled its female financial adviser workforce in the past eight years to 20% today, surpassing the newest calculations for the industry as a whole.

About 9% of the firm's advisers were women in 2006, according to the firm, which will be known as Voya Financial on Sept. 1. It has about 2,500 advisers. Industrywide about 11.5% of advisers are women, up from 7.9% in 2012, according to 2014 adviser survey results from Cerulli Associates.

(Related: Advisers still struggle to attract women)

During the past eight years, the firm has created a women's adviser network and mentoring program, it holds a national conference for female advisers once a year and it recently began hosting regional meetings for women advisers from any firm.

In the firm's first effort to help its advisers hire interns, the firm this summer helped to link four female advisers with female interns. The program was such a success it plans to expand it for next summer, said Angela Kahrmann, head of ING's Women's Advisory Network, at the annual Women's Forum held in Baltimore Tuesday and Wednesday.

(Find more on this topic in the latest Women and Investing special report)

Tom Halloran, president of Voya Financial Advisors, said the firm's culture, which includes women at high levels of the executive chain, encourages female advisers to join its ranks. And the firm isn't shy about its efforts to bring on women.

“We specifically tell recruiters that we are looking for female advisers,” Mr. Halloran said.

More on recruiting and engaging women in financial services from U.S. Executive Search's Cecile Munoz

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

INTV

Advisers beware: tax law has unintended consequences

Commission accounts could be preferable for some clients, and advisers could be incentivized to move from employee broker-dealers to independent channels.

Recommended Video

Path to growth

Latest news & opinion

Lightyear Capital takes 50% stake in $9 billion HPM Partners

Private equity backing could fuel acquisitions by the large RIA.

Tax reform: 7 essential strategies for financial advisers

While advisers face the difficult task of analyzing the law's impact, they will also have a significant opportunity to prove their value by implementing money-saving strategies for clients as well as their own businesses.

Tax law: Everything advisers need to know about the pass-through provision

The provision is tricky, but could provide advisers and business-owner clients with sizable tax savings.

Bill requiring fiduciary disclosure reintroduced in New Jersey

Measures would obligate financial advisers to tell clients they do not have to act in their best interests.

Merrill Lynch to let advisers text with clients

Texting has been a popular mode of communication for years, but in the past the firm's regulations have prevented advisers from using it.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print