Majority of women not concerned about gender of their adviser

Three-quarters of women are not influenced by their adviser’s gender

Isabel Baxter
clock • 1 min read

The majority (76%) of women are not influenced by gender when choosing a financial adviser, Schroders research has found.

The study which included a sample of 200 women found that three-quarters (76%) are not concerned about the gender of their adviser when considering their finances. Schroders' research found that a mere 12% of advisers indicated a preference for a female adviser. Considering that only 16% of advisers are female, Schroders warned that a substantial increase in gender diversity would currently be "difficult to achieve". Schroders said the key areas advisers should focus on to retain women were understanding them better, adopting more proactive communication and listening more. This ...

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

FCA 'considering' extending SDR flexibility to portfolio management

FCA 'considering' extending SDR flexibility to portfolio management

FCA mulling a four-month extension

Cristian Angeloni
clock 10 September 2024 • 1 min read
Abrdn CFO Jason Windsor named as CEO

Abrdn CFO Jason Windsor named as CEO

Jason Windsor has been in an interim group CEO role

Sahar Nazir
clock 10 September 2024 • 1 min read
Schroders CFO Richard Oldfield to succeed Peter Harrison as group CEO

Schroders CFO Richard Oldfield to succeed Peter Harrison as group CEO

Effective from 8 November

Cristian Angeloni
clock 10 September 2024 • 2 min read