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.
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