Women shut out of financial advisory industry
While the financial advisory industry is growing rapidly, it's shutting out women, according to a new study.
By
Paula Vasan
While the financial advisory industry is growing rapidly, it's shutting out women, according to a new study.
The legacy of Steve Jobs and the success of Apple can teach advisers a whole lot, according to David Patchen of Raymond James, a financial advising firm.
Job growth for financial advisers stands around 32%, nearly double the national outlook.
MassMutuals fourth quarter data show that the average 401(k) deferral rate for female participants was 5.38%, an increase of 1.6% for the quarter. In comparison, male participants are saving at 5.81% on average, an increase of 1.2% from the previous quarter.