Changing the Face of Wealth Management
Revolutionizing the landscape of the financial industry to bring more women to the table
Empowering Women in Wealth Management for Firm Success
In the last fifty years, we’ve made strides in women’s financial well-being, but there’s more work to be done. Let’s continue this journey for further empowerment together.
Consider these eye-opening realities:
- Only one-third of advice firms surveyed had women in client-facing roles (while 88% had women in administrative or operations roles).1
- Female representation among Certified Financial Planners (CFPs) has seen only incremental growth, with only 23.5% of Certified Financial Planning® professionals being women—a number that has remained stagnant since the first study in 2013.2
- Despite ongoing efforts, a persistent pay gap remains between male and female advisors in the Registered Investment Advisor (RIA) industry. The recent InvestmentNews Advisor Benchmarking Study reveals that the average base salary for men is $140,617, while women earn $91,419.3
- Women advisors face a shortage of specialized training for their distinct needs, with 70% expressing challenges in finding a culturally fitting firm. 4
- Female Representation among CFP® Professionals 23.5%
Wage Gap: Average Base Salary
- Men – $140,617
- Women – $91,419
%
Women advisors that report challenges with cultural firm fit.
At the same time, there has never been a time in U.S. history when women have never been more economically powerful.
- Women control over 50 percent of the personal wealth in the United States, act as primary or joint decision-makers for $11.2 trillion in investable assets, and will control an estimated $30 trillion by 2030. 5, 6
- Women are primary breadwinners in 54% percent of U.S. households, and even if they are not the top earners in the family, they influence 85% of the buying decisions. 7, 8
These concurrent realities highlight the urgent imperative to continue our efforts in empowering women in the field of wealth management.
The Time to Rewrite the Narrative is Now
It’s a moment for:
- Women to embrace their inherent value.
- Advisors to champion female clients’ unique journey toward wealth and well-being.
- Wealth management firms to recruit, retain, and promote more women into leadership roles.
Step into a future where everyone flourishes – advisors, clients, and the wealth management industry – a future that’s not only good for advisory clients but also great for business.
Join me in reshaping the narratives around money, wealth, and empowerment. Together, let’s create a future where prosperity is attainable for all.
3 Tips for Achieving Gender Parity
Discover practical strategies for closing the gender wage gap. Download this article and tip sheet to begin your journey toward leveling the playing field for women.
The Future is Female
I’m Kathleen Burns Kingsbury, a women and wealth consultant, money mindset coach, and the author of several books including Breaking Money Silence and How to Give Financial Advice to Women.
For two decades, I’ve been at the forefront of change by challenging conventional conversations about money, women, and wealth.
Now, I welcome you to embark on this transformative journey with me in one of two ways:
Coaching for Women Advisors
Tap into and acknowledge your true value with my tailored private and group coaching programs.
Discover how to communicate your inherent worth to prospects, clients, and leadership so you can sell your services in an authentic and empowered way.
Consulting for Wealth Management Firms
Organizations dedicated to reshaping the landscape of women in wealth management, I’m here to support you.
My unique value proposition lies in my financial psychology and behavioral change expertise, coupled with years of experience training advisors to shift mindsets and prioritize client-centric approaches. This isn’t just about reshaping the industry; it’s about improving client retention and satisfaction, ultimately driving increased revenue.
Let’s collaborate to make a lasting impact on your firm, attracting and retaining more female leaders while delivering enhanced services to women clients.
Satisfied Clients Include…
Let’s Work Together
Coaching For Women Advisors
