As the years go by and the data pile up, waiting for the financial advice industry to embrace gender equality wholeheartedly across all levels feels like waiting for Godot.<\/p>\n
We cheer at the slightest of gains that women make in the workforce and at the same time wonder why we’re still at a place where such cheering is necessary. It should be de rigueur.<\/p>\n
So it was when we perused senior research analyst Matt Sirinides’ report on the progress women have made in the business based on the 2015InvestmentNews<\/i> Adviser Compensation & Staffing Study.<\/p>\n
Today, women make up about half of the total employees at a typical advisory firm. From 2013 to 2015, women gained in entry- and intermediate-level positions across the industry.<\/p>\n
Those are the positions that typically lead to more-senior professional roles. The 2015 study found 49% of entry-level advisers were female, up from 44% two years ago.<\/p>\n
In addition, women are holding one of two other entry-level paths that can lead to client-facing professional roles, the client service administrator. That position has an 84%\/16% female\/male split.<\/p>\n
Three cheers.<\/p>\n
Unfortunately, that’s about it.<\/p>\n
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