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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

Five Tips to Recruit Women

Posted by Barbara Herman

Barbara Herman Quoted
By Susan Konig

The financial advisory industry is struggling with a shortage of talent, thanks in part to a post-recession reputation challenge and a sometimes closed, largely male, culture.

Opening up employment opportunities to women advisors would seem to be a natural solution. “Women haves historically been fee-based and relationship-oriented in their businesses.  While these types of businesses take longer to build, we know they are the key to this industry’s future,” says Barbara Herman, Senior VP of Chester, N.J.-based recruiters Diamond Consultants.

Estimates vary widely, but the Dept. of Labor says that 31% of the nation’s financial advisors are female, and that number has not changed much in the past ten years. While nearly all B/Ds have ongoing diversity hiring initiatives, there is room for improvement when it comes to courting and retaining talented female advisors.

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About Barbara Herman

Senior Vice President – Known for her sound advice, unique perspectives and ability to identify creative solutions. Barbara has developed deep and longstanding strategic relationships with financial services firms – from wirehouses to boutiques, as well as the diverse independent space – and works with some of the most sophisticated teams and individual advisors. Learn more...

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