Female Financial Advisors Helping Women
The share of female financial advisors remains frustratingly low. This is not news. One estimate by the Bureau of Labor Statistics indicates that 31% of financial advisors are women, though Barron’s puts that number closer to 20%. Nor is it news that the share of women advisors has increased in recent years—a welcome sign of progress. Nevertheless, despite industry and individual efforts to recruit and retain female financial advisors, progress has been disappointing. Why is that?
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