Sep 30, 2020
Fiscal Fitness - A World of Opportunity
While Hollywood is often said to be tough on women, the world of finance is another high profile, big money industry where women and people of color have been historically underreprsented. In the various echelons of financial mangement and investment services, women and minorities.
Harvard Business School studies paint an arduous picture for women. Among senior roles in venture capital and private equity, women held just 9% and 6% of the positions, respectively. Out of 100 banks in the U.S. only 6 are headed by females. By the way, down from 7, there are only 4 black CEOs in the Fortune 500, as of 7/21/20. Only 2 black women led an S&P 500 company, per Bloomberg.
In the financial planning community there was a 12% increase in the number of Latino and black CFPs, the highest increase ever per the CFP board, but there are all of 3,259 as totoal, Black at 2700 and Latino at 1500 CFPs, making up 4% of the 86,378 CFPs in America 2018.
As Andy Sieg, President at Merrill Lynch said, “T