While female advisers face many of the same challenges as their male counterparts, 88% of men and women surveyed about the challenges and opportunities faced by female advisers indicated women face barriers that men are less likely to deal with.
Of the 335 financial advice professionals surveyed by Carson Group, which sponsored the study, 73% said women must balance their professional role with caregiving obligations; 70% cited difficulties finding a firm that is a culture fit; 57% reported difficulty in finding a mentor; and 34% cited challenges in prospecting for new clients.
“Perhaps more concerning is that 47% of those who cited ‘other’ in their write-in responses to the question of challenges indicated that gender-based discrimination in the workplace is still a significant barrier for success,” Julie Ragatz, co-author of a report based on the survey, said in a statement. “We focus much of our energy on the recruitment of women, which is important too. But none of these barriers keep women out of the industry. They keep them from staying.”
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
