Understanding and solving the gender imbalance in the finance industry will take more than just acknowledging it, according to Brie Williams, head of practice management at State Street Global Advisors.
In fact, the CFP percentage has remained flat for the last decade. This is despite research showing that greater gender diversity throughout a firm creates greater cognitive diversity and leads to better outcomes — for investors and for the industry.
“As an industry we need to have a more diverse representation of financial investment professionals to serve that more diverse representation of investors,” Williams said. “If we can start moving these numbers in a more positive direction, our growth depends on it.”
In an interview at ThinkAdvisor’s office, Williams called on wealth management firms to do more than just acknowledge the challenge at hand and effect change with actions that will create sustainable transformation at the cultural level.