Where are All the Women? Financial Planners Aim to Entice More Women into a Male-Dominated Industry

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Where are All the Women? Financial Planners Aim to Entice More Women into a Male-Dominated Industry

May 21, 2014

Mothers, do you want your daughters to grow up to be CFP[® professionals]?

Alarmed that not enough women are entering the profession of certified financial planning, there’s a push to get more female college graduates and career-changers into the industry.

Calling it a “feminine famine,” the Certified Financial Planner Board in Washington, D.C., last month released a lengthy report on why so few CFP[® professionals] – less than 25 percent of the 69,500 in the country – are women.

“It’s problematic,” said Debbie Grose, a partner with Lighthouse Financial Planning in Folsom and a CFP[® professional] since 2008. But it’s not surprising “in any way shape or form,” she said, noting that women are underrepresented in Congress, in corporate boardrooms and as company CEOs.

The CFP Board’s study is part of the overall concern that not enough women are reaching leadership ranks in business, an issue given renewed emphasis last year in Facebook COO Sheryl Sandberg’s “Lean In” book and social movement. Read more >

The Sacramento Bee
By Claudia Buck
May 21, 2014
Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call themselves a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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