Advisely Index Top 10Female Advisers only make up 23%
Female advisers make up 23% of the industry. I have been talking about about this for most of my career and during that time these numbers have not really changed. We know the advice profession is a great career path especially women, so why do we still see such low numbers?
When speaking to young women in the industry they tell me that they are often overlooked for promotion from administrative and technical roles. They see their male colleagues given opportunities to progress to adviser roles over them. They are often worried about the targets set in relation to client numbers and feel that they are viewed as not being able to fulfil the expectations of the role due to family commitments.
We need more advice practices recognising the young women in their businesses who would make great Advisers. They need to be encouraged to go down this pathway and given the confidence that they will do a great job. More female and male advisers need to make themselves available as mentors.
Encourage your staff to attend events like FAAA Inspire to network with successful women. We also need to champion the Advice profession in universities to engage young women and men to see how great this career path can be.
These are just a couple of starting ideas, I would really like to see what you think so we as a collective we can solve this problem.
