Gender hindering salary increase
One-third of non-aligned female financial planners feel that their gender is their biggest impediment in obtaining the salary they want, according to Money Management's latest salary survey.
The survey found only seven per cent of aligned female planners felt the same way, compared to 33 per cent of aligned planners.
The largest impediment for non-aligned female planners was other (45 per cent), followed by lack of opportunity and poor organisational management (both at 11 per cent).
For aligned female planners, the largest impediment was also other (37 per cent), followed by poor organisational management (22 per cent), lack of opportunity (19 per cent), gender and clients not feeling they need advice in bull markets (both at seven per cent).
Despite feeling that gender was a salary impediment for non-aligned female planners, 70 per cent felt that they were valued by their current employer, and 30 per cent were unsure.
However, only 45 per cent of align female planners felt valued, with 33 per cent unsure, and 22 per cent felt not valued.
When aligned planners were asked if they were looking for a new job, 41 per cent were not actively looking for a new job but were available to offers, 44 per cent were not, and 15 per cent were looking.
Half of non-aligned planners were not looking for a new job, 40 per cent were not actively looking but available to offers, and 10 per cent were looking.
Recommended for you
More than 25 winners have been announced at the second annual Australian Wealth Management Awards.
A former financial adviser has been extradited from New Zealand after being alleged to have misappropriated $4.1 million from 13 clients.
Adviser numbers have continued the winning streak for the 2025–26 financial year with the seventh consecutive week in the green, buoyed by a steady flow of new entrants.
Netwealth chief executive Matt Heine has explained the platform is focused on accelerating its share of the affluent advice market as its NPAT reaches $116 million.
