Female Financial Advisors Find Their Way

 

By Lou Carlozo

 

U.S. Census Bureau figures for 2016 put the percentage of women slightly ahead of men, 51 to 49 percent. But the numbers certainly don't break down like that in the working world.

From recording studio engineers to Capitol Hill, some fields are overwhelming male – and not necessarily for the better. The male makeup of Congress? Better than 80 percent. The latest congressional approval rating? Just 21 percent, according to a June Gallup poll.

The gender ratio doesn't improve much when you look at financial planners. As of 2016, the website Financial Advisor cites not-so-great statistics: The Bureau of Labor Statistics counts 35.5 percent of advisors as female, but that tally shrinks to 14 percent when you include the heads of brokerages. And if the men are doing such a bang-up job, consider this: 55 percent of women between 25 and 34 prefer working with female financial advisors, while 70 percent will leave their financial professional within a year of being widowed.

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