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.”
“It’s time for an economic reset,” wrote the California governor, in a post on X.
Masterworks was launched in 2017 but its RIA, Masterworks Advisers, is just three years old.
One 2017 form, no broker license, and a $42 million gap they say surfaced on a webinar.
Fewer than half of Americans in their peak earning years feel on track for retirement, while many say limited financial knowledge and access to professional guidance are holding them back.
Meanwhile, Wells Fargo hauled advisors overseeing $825 million in the West Coast, while Wedbush has welcomed a seasoned professional from Stifel in California.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
