How She is Changing the Gender Imbalance in Financial Advisors

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How She is Changing the Gender Imbalance in Financial Advisors

Sep 14, 2017

The Bureau of Labor Statistics reports that women make up only 31% of financial advisors in the United States and only 23% of [CERTIFIED FINANCIAL PLANNERS™ professionals]. The CFP Board set out to investigate what’s keeping women out of the financial services industry. The interview below is from Milk’s conversation with [CFP Board Center for Financial Planning Special Advisor on Gender Diversity] Eleanor Blayney, [CFP®], the author of the CFP Board’s report on the issue.

Eleanor Blayney: The reality is that the financial planning profession is truly as we sometimes say male, pale and stale. I wish I could say I was the author of that rhyming phrase, but I’m not, that’s been used, but the point is that we’re an aging profession. We’ve got more CFP[® professionals] over seventy than we do under thirty. The demand and the awareness of the need for a trusted advisor has been increasing, so all else equal it should be a growing profession, but we’re not reproducing ourselves in a vital, relevant way. And by that I mean we have got to get younger people into the profession.
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Milk
By Jennimaria Palomaki
September 14, 2017 


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