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Women Flood Wealth Management Jobs, But Advisory Roles Remain Scarce, Study Shows

A Fintrx study indicates rising female participation in wealth management, but persistent underrepresentation in advisory roles. Women aged 20-30 make up 37.6% of registered professionals yet only 20.2% of revenue-generating advisors, a gap that affects earnings and leadership. With $105 trillion in wealth projected to transfer by 2048, women may inherit more, but industry growth for them is skewed toward administrative jobs. The findings highlight a need for greater gender equity in high-impact finance positions.

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Women Flood Wealth Management Jobs, But Advisory Roles Remain Scarce, Study Shows

A new study by Fintrx reveals that while women are entering the wealth management industry in growing numbers, they remain vastly underrepresented in client-facing advisory positions that drive revenue and leadership pathways.

Study Uncovers Gender Imbalance in Advisory Roles

  • Women constitute 37.6% of registered wealth management professionals aged 20-30, per Fintrx data.
  • Yet, in revenue-generating advisory roles, women represent only 20.2% of producing advisors in the same age group.
  • For ages 30-40 and 40-50, women's share in registered roles dips below 27%, with advisory percentages nearly identical across all age brackets (e.g., 18% for 50-60, 17.1% for 60-plus).

Impact on Earnings and Career Advancement

Emily Goldman, Fintrx Vice President of Data and Research, noted: "The underrepresentation in advisory roles directly limits female employees' earnings and hinders their long-term prospects for leadership and ownership in the industry."

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Projected Wealth Transfer and Gender Dynamics

  • Cerulli Associates estimates $105 trillion in wealth will be transferred to heirs by 2048, with $54 trillion allocated to spouses.
  • Due to longer life expectancy, women are expected to inherit the majority of this intergenerational wealth.

Concentration in Non-Advisory Functions

Despite overall industry growth, women's entry is predominantly in administrative or operational roles, not in advisory positions that offer higher compensation and executive opportunities.

This article originally appeared in CNBC's Inside Wealth newsletter.

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