This year, the Certified Financial Planner Board of Standards Inc. asked me to serve on its 10-member women's initiative advisory panel to address the shortage of female CFP® professionals.
For the past decade, the percentage of CFP® professionals who are women has remained static at about 23%. That compares with the 30% of women in the financial advisory industry in general.
But women in client-facing advisory roles are a miniscule 8%, according to the most recent Cerulli Associates Inc. data.
“In order to better address the ranks of women out there who we know have more money, we need more women advisers,” said Eleanor Blayney, [CFP®] the CFP Board's consumer advocate. “Women are hungry for better advice, and on the professional side, we should be hungry for more women advisers.” Read more >
Mary Beth Franklin
August 7, 2013