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In the News

Why So Few Women Opt for Independence — and How More Could

Posted by Mindy Diamond

June 13, 2019
Mindy Diamond Quoted

Many of the qualities that make women excellent financial advisors are also keeping them from making the move toward independence, Mindy Diamond writes in InvestmentNews. At the same time, many female advisors who have taken the plunge share certain characteristics, she writes.

Just 13% of the breakaways so far this year were women, according to Diamond, founder and CEO of financial recruiting firm Diamond Consultants, who cites InvestmentNews data. And among the companies Diamond’s firm assisted over the past three years, only 7% of the breakaway deals included female leadership, she writes.

What’s keeping women from making the move is precisely what often separates them from men: their loyalty, their focus on their clients’ needs over building their business, their stress on competing work-life priorities and their risk-averseness, according to Diamond.

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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    WHAT OUR LISTENERS ARE SAYING…

    • Your podcast helped me a ton during my due diligence. There is no replacement for hearing from others who were successful leaving the wires. You are doing great things for the industry.

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