Saturday, September 29, 2012
Wealth Management wanted to find out if women were well represented in the financial services, RIA market. Upon investigation, they had trouble finding 25 women owned RIAs in a list of 400 RIAs, indicating that women are not so well represented in the RIA market. Even though women may be underrepresented in the industry, maybe that is just because women are choosing to stay home and nurture children instead. Sexism and discrimination don't have to be the driving forces behind the number of women in the workplace. Instead, that number is likely set by women's desire to have a baby and take time out of work.
See David Geracioti, Women Are Getting Richer and Taking Charge of Wealth. But There are Few Women-owned RIAs, WealthManagement.com, Sept. 28. 2012.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.