As part of the congress, the FPA are holding its Women in Finance Breakfast to support female planners and provide a forum to discuss the challenges they face in the industry.
“Female financial planners represent 32 per cent of our new membership this year and while it is positive to see that the female representation is growing each year, these numbers are not satisfactory and much needs to be done to close the gap between genders in financial planning, and the wider financial services,” FPA chief executive Mark Rantall said.
“In order for Australians for all walks of life to receive appropriate advice, there needs to be equal representation across genders and all demographics.”
“The Women in Finance breakfast is one way we aim to support our female community of planners in their careers.”
As part of the event magazine editor Deborah Thomas will be speaking at the breakfast as well as attendees having the opportunity to network with some of the industry’s leading female financial planners.
The Women in Finance Breakfast takes place on Friday October 17 and registrations are currently open.
I sort of agree with you Missfixit. There’s quite a few things that need to change…quickly, if the industry is so keen for new entrants. Too many to list here but the risk of doing business versus the reward is now closely tied. Here’s an example: ASIC wants a 10 page SOA, my licensee wants a 40page SOA plus attachments and I’m sure the PI insurer does too. I’m not sure what FOS wants. We spend way too much time covering our backsides in case of complaints, in fact almost 100% of PD days are now about compliance and little else.
Whatever happened to creating investment strategies and the whole premise of building wealth? You do some new business and instantly the compliance department goes into lockdown.
Quite frankly if you want to see ANY new financial planners entering the profession then the government, ASIC and FOS need to work together to ensure that not only are consumers fairly protected but so too are financial advisers. I am female and have been in the industry 15 years. The last 5 years or so years I have warned anyone who has asked me away from the industry because whilst it is still a challenging industry it’s not challenging in a motivating, positive way. Quite frankly it sucks and it is very difficult to run efficient and profitable businesses. Good work Labor.