Female planning bosses more likely to hold Masters


Female planning practice principals or chief executives are more likely to hold a Masters than their male counterparts, the Money Management Salary Survey reveals.
Data from the survey found that 40 per cent of female planning bosses held a Masters, while just 10 per cent of male practice principals, chief executives of managing directors reported their highest academic qualification was a Masters.
However, the survey found that almost a quarter of male respondents had a Post Grad as their highest qualification, while a further 26 per cent holding a bachelor's degree.
While 60 per cent of female respondents reported a Diploma in Financial Planning (DFP) or an Advanced DFP was their highest qualification, with just over a third of male respondents reporting that a DFP or Advanced DFP, with three per cent saying high school was their highest level of education.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.