Lack of female advisers yet women set to hold 60% of wealth in 2025

Female financial advisers make up just 16% of the total market

Isabel Baxter
clock • 1 min read

Women are to command 60% of UK wealth by 2025 yet there are only 16% of financial advisers are female, delegates heard.

Speaking at Change Fest hosted by the Chartered Institute of Securities and Investment and NextGen Planners, Financial Planner Life podcast host Elena Stephenson noted that this disparity in the industry shows a significant gap. "This gap is a concern especially when we think about the different financial needs and preferences of women," she explained. Stephenson also said how the disparity also stands for ethnic minorities and the LGBT+ community. "The profession will need to eventually reflect wider society and as the societal fabric changes, we need to ensure that different comm...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Azets Wealth Management snaps up regional wealth firm

Azets Wealth Management snaps up regional wealth firm

The firm has acquired Paisley-based Milne Craig

Sahar Nazir
clock 30 August 2024 • 2 min read
Wesleyan looks to grow platform presence

Wesleyan looks to grow platform presence

Product director on a journey to ‘modernise’ With Profits Funds

Sahar Nazir
clock 30 August 2024 • 2 min read
Former Barclays Wealth CEO banned from senior roles by FCA

Former Barclays Wealth CEO banned from senior roles by FCA

Thomas Llewellyn Kalaris deemed ‘not fit to be a senior manager’

Valeria Martinez
clock 28 August 2024 • 2 min read