Top Advisors Weigh In: Giving Women Equal Advancement Opportunities

By Rita Raagas De Ramos October 28, 2020

FA-IQ reached out to top Financial Times-listed advisors to ask:

In the past months, there has been a call for greater diversity generally and in the advisory industry. What new diversity and inclusion initiatives have you put in place?

Cathy Miller of Atlanta Financial Associates. Atlanta-based Miller has been in the industry for 33 years and has $225 million in client assets, part of the firm’s $831 million in client assets.

"I co-founded Atlanta Financial in 1992 with another female advisor. At the time, I don’t think either one of us realized how unusual it was for a financial services company to be founded and solely owned by women. But as the years went on and I attended conferences and meetings where I was always in the distinct minority, I came to realize how much our industry is plagued by a lack of gender diversity.

Cathy Miller
In our firm, we have worked hard to give women equal opportunities for advancement in client-facing, professional roles, and I am proud that nearly 50% of our firm’s professionals and 50% of the firm leadership is female. 

However, we still have a great deal of work to do to increase diversity across ethnic groups within our industry.  A great way to start is by raising awareness of career opportunities in wealth management among young people of all ethnic groups. I have spoken to groups of college students and mentored high school students through our local Girl Scouts’ Camp CEO program, to spread the word and increase the accessibility of wealth management as a field of choice regardless of gender or ethnicity.”

This is part of an ongoing series wherein we ask Top Financial Times 400, 300, and 401 Advisors to answer pressing questions about the industry, their practice or their clients. Brokers and advisors make it to the respective Financial Times lists based on scores in six criteria: AUM, AUM growth rate, years in existence, advanced industry credentials, online accessibility and compliance records.

Do you have a news tip you’d like to share with FA-IQ? Email us at editorial@financialadvisoriq.com.