Women made up 30% of the latest PFS graduate cohort, averaging some 16 percentage points higher than is currently reflected in the wider sector.
Data from the Financial Conduct Authority published in September 2018 found there were just 10,424 CF30s, meaning women made up just 14% of the intermediaries in the UK.
“Neither age nor gender is a barrier to success in the financial advice profession.”
Some 483 financial advisers picked up their associate, Chartered or fellow certificates at a ceremony at the Merchant Taylor’s Hall in London on Friday (11 October). The ages of the graduates ranged from 24 to 69 years-old.
PFS chief executive officer Keith Richards said: “Neither age nor gender is a barrier to success in the financial advice profession.
“It is vital that our profession reflects the diversity of the clients who benefit from receiving financial advice. The make-up of our graduates today is a pleasing sign that the younger generation and a growing number of women are pursuing a career in financial advice.”
This article was originally published on Professional Adviser on 11th October 2019.