More women needed in financial planning: FPA
The Financial Planning Association (FPA) has banded with Financial Executive Women (FEW) to attract more women to the financial planning profession with a new event, Women in Wealth.
FPA CEO, Dante De Gori, said while research says demand for female financial planners is growing and female qualities drive client satisfaction, women only make up 20 per cent of the profession.
“The most important attributes for a good planner are being trustworthy, knowledgeable, and having strong emotional intelligence (EQ), according to the Attitudes Towards Women in Financial Advice 2017 report,” said De Gori.
“In fact, female advisers are associated strongly with EQ qualities and are perceived on par with males in terms of knowledge and intelligence.”
The CEO said both the profession and consumers would benefit from greater gender balance, and the extension of the Women in Wealth event would give members the opportunity to network, and potentially grow the number of women in the profession.
The event intends to promote mentoring opportunities for women in the planning industry and support them in their career progression and will be hosted in Adelaide tomorrow before it moves to Sydney and Brisbane in October.
AUTHOR
Anastasia Santoreneos
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.
