Running a Firm: Is it Different for Female Advisors?-Slide handout

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Pdf Summary

The document explores various aspects related to women in financial advisory roles, focusing on leadership, client needs, mentorship, sponsorship, imposter syndrome, male allyship, queen bee syndrome, DEI initiatives, and challenges serving clients. A survey of 100 women in the industry highlighted values such as pride of ownership, flexibility, and service to clients. The difference between mentorship (giving advice) and sponsorship (advocating for advancement) was discussed, emphasizing the importance of both in career development. Female advisors stressed the importance of mentorship from successful women in the field. The challenges and advantages of serving clients as a woman were also discussed, with experiences ranging from feeling more comfortable with female clients to facing biases and challenges such as being underestimated or facing inappropriate comments. The document concludes by highlighting the need for elevating diversity, equity, and inclusion in financial advisory firms through leadership accountability, diversity training, and open dialogue. Ultimately, it emphasizes the unique perspective and skills that women bring to the industry and the importance of supporting and empowering women in financial advisory roles.

Keywords

women in financial advisory roles

leadership

client needs

mentorship

sponsorship

imposter syndrome

DEI initiatives

challenges serving clients

values

career development