In May, advice consolidator Kingswood told FTAdviser said it was struggling to maintain a company wide gender split as it ploughs on with more acquisitions this year, admitting the advice industry presents the biggest challenge.
At an adviser level, just 12 out of the 80 advisers under its wing are female, with male advisers making up the remaining 85 per cent.
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“No matter what you try to do internally, you’re also fighting against the sea of businesses that we buy, because the industry has got more male advisers than female advisers. To make progress is not without its challenges,” its UK chief executive, David Lawrence said at the time.
ruby.hinchliffe@ft.com
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