Advisors dish up details from the gender divide

By Michelle Schriver | Advisor.ca | March 08, 2018
Read Source

With consolidation in the financial services and the increased costs from regulation and technological innovation, a young advisor today might wonder if there’s anywhere to start out other than at the big banks.

In contrast, when Marie DeLauretis launched her career almost 20 years ago, she wondered if there was anywhere to start at all. She’s a financial planner and principal at DeLauretis Wealth Management in Calgary.

“There was unequal opportunity,” she says, as well as unequal pay. At her firm, “the guys were financial advisors and the women weren’t.”

Nor were women encouraged to pursue industry designations. When it became clear she wouldn’t become an advisor at the firm, “I left and branched out on my own and became an independent at the end of 2006,” she says.

DeLauretis notes that in about 2010, the industry started recognizing the value of women advisors.

Around that time, there was a push to have women in the office to serve female clients and attract new ones, “because women were relating to women,” she says.

Shared experiences and changing demographics are likely part of the reason.

While You’re Here....

Follow and engage with us on social for latest news

Q&A: What a Bay Street star says it will take to boost women's ranks in finance industry

Q&A: What a Bay Street star says it will take to boost women's ranks in finance industry

'We haven't seen the change that we would like to see,' says Camilla Sutton, CEO of Women in Capital Markets. For 25 years, Camilla Sutton has been a ...

Read more
CBC Business
Federal budget's second-parent leave formula favours men over women

Federal budget's second-parent leave formula favours men over women

The federal budget might have been trumpeted for its gender-paritous intentions, but business experts say it still falls short because women who take ...

Read more
National Post
Why Budget 2018 Might Seem Underwhelming for the Working Canadian Woman

Why Budget 2018 Might Seem Underwhelming for the Working Canadian Woman

Camilla Sutton, ​WCM P​resident and CEO​, joins BNN's Budget panel with key takeaways from the 2018 budget.

Read more
BNN

What is your reaction to the fact that the 61st session of the Commission on the Status of Women will be chaired by a man?