Consider the following statistics: Only 31% of financial advisors in the U.S. are women. Only 20% of women investors have a financial advisor, but 70% would like to work with a female planner. These numbers are even more impressive given that women possess at least half -- if not more -- of all private wealth in the country and control 80% of all household purchases.

“You have a huge opportunity in the next 40 years,” TD Ameritrade’s Jennifer Gitto told the audience at the Women Advisors Forum today in Huntington Beach, Calif.  Gitto, a strategic relationship consultant and transition specialist, cited the statistics to make her point. In 2010, TD Ameritrade provided assistance to 300 advisors, many of whom who were making the transition from wirehouses and other large firms to their own independent practices or positions in smaller firms.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access