The gap between the number of female financial advisers and the number males of ones is starting to narrow but more needs to be done to attract women into the industry, The Openwork Partnership’s Inspiring Women in Financial Services conference was told.
Research by Openwork found that around 69% of financial advice firms expect to grow their businesses over the next 12 months providing the ideal opportunity to recruit more women.
Claire Limon, network director at The Openwork Partnership told the conference she was thrilled to celebrate the talent and depth of expertise of the growing ranks of female financial advisers in the UK.
She said: “Female financial advice is thriving in the UK with real evidence that the female financial advice gap is starting to narrow but, in a male-dominated advice industry we must redouble our efforts to attract more women into the industry.
“Our ambition at The Openwork Partnership is to take an industry-leading position to focus on recruitment strategies to better engage with women on opportunities in the financial services sector.
“Our recruitment and training is laser-focused on closing the female financial adviser gap. For example, The Openwork Academy, which provides structured learning and qualification support to achieve a successful career in financial advice, had 32% female candidates across its last two intakes.
“The progress made at policy level such as the Treasury’s Women in Finance Charter is very welcome but change needs to accelerate.”
The conference had a series talks from inspirational speakers including entrepreneur, money coach and qualified financial planner Catherine Morgan; Paralympian, 7/7 survivor and author Martine Wright MBE; and comedian Cally Beaton.
Sarah Hogan, chartered financial planner, KBA Financial, said: “It was a pleasure to meet so many inspiring women at this year’s conference.
“The future of a vibrant and gender-balanced financial services industry lies in the hands of the growing ranks of female financial advisers and their ambition to achieve the very best outcomes for their clients.
“I was privileged to share some of my experiences in growing a successful business focused on pipeline management skills and building trusted adviser-client relationships across families and generations.”