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  • Slideshow IBD Elite 2019: Which firms have the most reps who are women?

    August 6, 2019 by Tobias Salinger

    Women make up 51% of the U.S. population and about 17% of affiliated producing representatives of independent broker-dealers.

    The first statistic represents the latest census figure showing the U.S. government’s definitive study of the country’s population. The latter one represents the stark finding from the limited number of IBDs who publicly disclose their gender demographic data.

    Only 28 out of 52 firms submitting key performance indicators such as their annual revenue, share of fee-based business and other metrics as of the end of the previous year for Financial Planning’s annual IBD Elite studyreported how many of their financial advisors are women.

    As the industry seeks to better reflect the nation’s demographics, the ranks of firms willing to provide the information shrank by one firm from the 2018 study. The average share of producing reps who are women among firms that did share the figure remained roughly one-sixth.

    While the number of CFPs who are women is higher, at 23% of advisors with the certification, the amount affiliated with IBDs would likely be even lower if each firm did participate. Only two IBDs even top 25%, down from seven in 2017 and five last year.

    Several firms — including a few of the larger ones in the space — do stand out from their peers in terms of having a higher share of advisors who are women. Lincoln Investment Group Holdings is also the only firm with women making up more than 30% of its advisors.

    Click HERE to read the full story via Financial Planning.

    Originally Posted at Financial Planning on August 5, 2019 by Tobias Salinger.

    Categories: Industry Articles
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