Fast-growing RIA Parallel Advisors anticipates that Relura Horton, its new female president, will help it attract more women to its client base as the firm sets its sights on growing to $10 billion in client assets over the next seven years.

"There's a Fidelity study showing that by 2020, women are going to control more than $22 trillion in wealth," Horton, former regional managing director with Fidelity Custody and Clearing, said in an interview. "It's important to our clients that we are diverse. By having a diverse management team we'll be well-positioned to attract more clients."

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