As the industry scrambles to find new talent to replace outgoing advisors, it’s important to consider how women can fit into those new roles.
Unfortunately, according to Janet Stanzak, 2014 FPA president, the percentage of women who actually get the CFP credential after completing the coursework is only about 10%.
The CFP Board and FPA “both have initiatives to address that problem,” she told Investment Advisor; “to get out and tell the story and be a resource so they feel that there is a home for them and [that we’re] ready and willing to mentor and connect with them and provide career opportunities.”
One of those initiatives is FPA’s NexGen community, which now boasts nearly 2,000 members. Although the age cutoff for membership in NexGen is 36, the table below includes those between 37 and 40 because “this is the age breakdown we measure in our membership database.”