Happy International Women’s Day! On March 8th of every year, we celebrate #IWD as a focal point in the movement for women’s rights and this year’s theme is focused around being balanced. You can follow the campaign by using #BalanceForBetter.
For a long time this industry has been dominated by male advisers where only around 17% of all advisers are women1. There is a shift happening where more women are starting to see the career potential in becoming a Financial Adviser.
Within our organization, 62% of our team is made up of women who are all thought leaders in our field. If you were to add up our years of experience, we would have over 65 years in the Financial Services industry. I have the pleasure of working with two female advisers that are doing a great job showing how women can be successful in this industry. Debra Clark, CFP ® is an Investment Advisor Representative in our Wilton, CT office with over 20 years of experience in the industry. She has a strong network of other women business owners and one of her specialty is in Special Needs Planning. Last year, Debra qualified as a member of the HTK Peak Program which recognizes top performing advisers of HTK, our brokerdealer. Pai-Su Kang, CFP®, CEBS®, MBA is an adviser in our Florham Park, NJ office and works with small business owners through retirement planning and other investment strategies. She has established herself in the Chinese market and is a leader within our organization.
It would be a mistake for me not to mention Eileen McDonnell, the CEO of Penn Mutual in this post. There are only 53 female CEOs of Fortune 1000 organizations, and Eileen is one of them. Since Eileen came on board to Penn Mutual, we have risen from the 38th largest provider of insurance in the country to the 11th and have plans to break into the Top 102. More than 40% of Penn’s trustees and executives are women3. Eileen has been recognized for her strong leadership. Eileen told Main Line Today, “I think we’ve demonstrated really well here at Penn Mutual that it’s not just lip service having women in key leadership positions.”2
The future of the Financial Services industry is exciting. I am excited to keep seeing it #BalanceforBetter. Feel free to use the hashtag in your own International Women’s Day post and keep getting expired by all the powerful women that are doing amazing things.
Other articles showing how women are taking over the industry:
1Investment News, “The Rise of the female Financial Adviser”
2Main Line Today, “2018 Women on the Move”
3 Penn Mutual, In the Community: Commitment to Women