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drawing of man facing series of steps and woman facing series of insurmountable blocks (Photo: Shutterstock)

We’ve all seen the stats about female representation in the financial services industry. Almost half of financial services employees are women, which sounds pretty good. But if you take a closer look, you’ll notice that as we climb the career ladder, women become underrepresented. In 2018, only 33.5% of advisors were female and a mere 15% of executive leaders were women. When we focus on women who specialize in the retirement sector, their confidence in their career trajectories mirrors these results. According to Women in Pensions Network, only half agree their career path looks promising, and one in three don’t believe they have enough education to advance

The need for change is way overdue. And given that March is Women’s History Month, I wanted to highlight the important role women continue to play in the 401(k) space by honoring some of the incredible female advisors we get to work with every day at Vestwell.

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