New evidence suggests women are making inroads when it comes to leadership. That’s great news for the financial advisor community.
In recent weeks WPs been shining the light on women advisors.
Whether it be the push by investment firms to increase the percentage of women advisors
in their wealth management businesses to general coverage about Canada’s most powerful women
, WP is making a concerted effort to understand what makes women advisors successful.
On Wednesday the Pew Research Center released its Women and Leadership report
outlining the progress women are making when it comes to leadership in U.S. politics and business. Surveying 1,835 adults 18 or older over 10 days in November, it found a number of key takeaways and although the research is from south of the border, the findings apply equally to Canada.
The sub-head for Pew’s report says it all: Public says women are equally qualified, but barriers persist. For advisors such as Raymond James
’ Sybil Verch, who spends a lot of time speaking to this issue and encouraging young women to consider the investment business as a career, the findings have to be both frustrating and at the same time none too surprising.
Americans, of both sexes, find women to be equal to men when it comes to innovation and intelligence while better organized and compassionate. Unfortunately, 40 percent of those surveyed find there exists a double standard for women looking to climb the leadership ladder. Another 40% believe that corporate America and those in political circles aren’t ready to give women a fair share of the power despite being more educated and, some would say, more ambitious.
Yesterday WP covered the progress
made in Canada’s boardrooms. Much like the Pew report, it’s a cautionary tale of two steps forward and one step back. While more women are making it on to the boards of some of Canada’s largest companies, the percentages are middle of the pack when it comes to developed countries. The U.S. is no different.
On either side of the border It’s simply not good enough.
In the weeks ahead WP will talking with women advisors from across the country to find out how they perceive the leadership vacuum in Canada.
The numbers don’t lie: barriers still exist.