SPERRY TOP SIDER SLIP SLIP SIDER ON BROWN LEATHER BOAT CANOE SLIP ON DRIVING SHOES SIZE 8M db851a

SPERRY TOP SIDER SLIP SLIP SIDER ON BROWN LEATHER BOAT CANOE SLIP ON DRIVING SHOES SIZE 8M db851a
The network for financial advisors The network for financial advisors
NEW adidas Männer Terrex Swift R2 CM7489 Mens Shoes Trainers Sneakers SALE,
Search
Tod's brown leather fashion sneaker MSRP $395Royal Elastics Icon 1806 Silver White Black Men Slip On Casual Shoes 02583-089,J-2575148 New Tom Ford Velvet Natural Leather Hi-Top Sneakers Size 7.5 US 8.5New Bally Phoenix 6 M navy (1010)New A BATHING APE Baby Milo Let's Have A Picnic Mens Shoes 100%AUTH 9.5 RARE,Man's/Woman's Bostonian Men's Narrate Step Casual Shoe Various goods In short supply Don't worry when shopping,FRYE Men's JACOB OXFORD Oxford - Choose SZ/Color,NWB Ecco Mens Danish Design True Navy Shoes Size 11-11.5Man/Woman Nike EXP-X14 Men's Shoes Black/Volt/Crimson AO1554-001 service new International big name,Gentleman/Lady Frye Crosby Suede Oxford Shoes Moderate price Optimal price cheap price,Santoni Men's Shoes Acadia Sneaker Navy 9M US V37,Jambu Belfast-hypergrip Mens Belfast-Hypergrip Slip-On Loafer M,JIMMY CHOO White High-Top Sneakers, US 12,Adidas Yung 96 Shoes Sneaker White Black F97176 F97177 F97182 3 colors Sz 5-13,POLO RALPH LAUREN - DAYNE - Men's Casual Boat Shoes - Brown Leather - Size 11 M,PUMA Mens Roma Natural Warmth Sneaker- Pick SZ/Color.,Kenneth Cole REACTION Men's Walper B Sneaker,CHAUSSURES BOWEN RICHELIEUS - TAILLE 7,5 (T. 41) - BEGDISTRESSED POLO BROWN LEATHER SLIP ON BOAT DECK SUMMER SHOES 11 D,Mens Casual Business Driving Moccasins Slip On Loafers Real Leather Shoes Sz,men's shoes FRATELLI ROSSETTI 7 () sneakers black leather suede BY542-40,Dr. Marten's Men's Leather 3 Eye Gibson 1461 Shoe MADE IN ENGLAND,VANS VAULT X TAKA HAYASHI SK8 HUARACHE LX Size 12 Brown Leather DS Brand New,daringly bold “RINALDI, Made In Italy, 44 (EU=10.5US)” blunt-toe leather loafers,Dubarry of Ireland Corsica Camel Driving Moccasin Loafer Men's sizes 42-46/8-12!,Rockport Work Men's Sailing Club RK6737 Slip On Boat ShoeECCO Men's Johannesburg Perforated Tie Oxford - Choose SZ/Color,TUK A8594 Charcoal Black Leather Mens Womens Unisex Creepers Shoes Boots,ROGER BOWMAN BLACK SUEDE LEOPARD CALFSKIN FUR SHOES 10 D ITALY,Rockport Works Men’s Brown Steel Toe SD Boat Shoe RK6745,
Now Reading: The Latest
Men's J. Peterman Brown Suede Leather Oxford Shoes size 9,
search goes here

SPERRY TOP SIDER SLIP SLIP SIDER ON BROWN LEATHER BOAT CANOE SLIP ON DRIVING SHOES SIZE 8M db851a

Published
  • April 09 2018, 1:00am EDT
More in

Female financial advisors have the widest wage gap of all occupations tracked by the U.S. Department of Labor.

Here are 10 things to know about the gap.

1) The pay gap is huge for advisors. Overall in the U.S. economy, women earned about 82 cents for every dollar male workers earned in 2017. Critics of that statistic will often point out that the wage gap can partly be explained away by the different industries in which women and men tend to work.

Drilling down to specific occupations, though, paints a particularly bleak picture for female advisors: They earned just 59 cents for every dollar their male peers earned last year.

To be clear, that statistic only includes full-time advisors who work 35 hours a week or more, so it’s not dramatically distorted by women who may work part time. The pay measure also includes salaries and commissions, but not one-time payments such as annual bonuses.

2) The gap is persistent. The 59-cent gap for advisors is the widest of all occupations the Department of Labor tracks on that statistic — a distinction that has been true for two years in a row.

These aren’t statistics to be proud of, and the CFP Board wants the disparity to change. Earlier this year, the industry group appointed Kathleen McQuiggan, a wealth manager for Artemis Financial Advisors and longtime women’s advocate, to serve as a special advisor on gender diversity. She describes a “myth of the meritocracy” at financial firms.

“Every firm is claiming to be a meritocracy,” she says, but once firms drill down into their own internal data, they often find a pay gap. She recommends firms adopt more-transparent compensation structures and standardized job descriptions to eventually get the industry to pay equity.

3) It’s better in other areas of finance. While finance, in general, has historically not been known as an egalitarian place for women, other financial professions offer a far narrower pay gap than the advisory route.

Female accountants, for example, earn 77 cents on the dollar, and female financial analysts earn 86 cents to a man’s dollar.

7) Fewer women at the top. Women are less likely than men to be in top leadership roles. About 39% of women owned all or part of their practice in 2013, versus 63% of men, the Aité Group study shows.

And at RIAs, only 20% of firm equity goes to women, the Schwab study shows.

8) Unfair treatment is part of the problem. When advisors engage in misconduct, women are not judged on equal footing with men.

In fact, a 2017 academic study shows female advisors are punished at substantially higher rates relative to male advisors, even when they commit errors that are far less costly. That study, called “When Harry Fired Sally,” also wasn’t shy about naming specific firms. Wells Fargo was the worst offender. There, women were 27% more likely than men to experience a “job separation” after engaging in misconduct.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Already have an account? Log In

Don't have an account? Register for Free Unlimited Access

Like what you see? Make sure you're getting it all

Get news and analysis for independent advisors.
Register

Financial Planning

© 2018 SourceMedia. All rights reserved.
Johnston & Murphy Men's 20-8682 Conard Tan Cap Toe Oxford,
Tod's Men's Gommino Suede Driving Shoes Red 2381 Sz 6.5 UK,