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Women have made great strides in business over the past few decades, but there are still some areas where they are underrepresented. One is financial services. According to the CFP Board of Standards, only 23.3% of all CFPs were women as of 2021. This is likely due to the fact that many traditional financial advisor communities are geared towards men. However, there is a growing trend of female-focused communities that are designed specifically to help female financial advisors succeed.
Let's examine why these communities are so important for women in finance and explore three of the top benefits of joining one.
Networking
Networking is one of the most important things you can do as a female advisor in a male-dominated profession. Not only does it allow you to meet other like-minded individuals, but it also helps you to build strong relationships that can lead to new business opportunities. When you join a female-focused community, you gain access to a wealth of resources and support that can help you succeed in your career. In addition to networking opportunities, you'll also have access to mentorship programs, educational resources, and events that are designed to help you grow as a professional and take your career to the next level.
Abundance mentality
Another benefit of a female-focused community is the opportunity to learn from the experiences of other women. In many traditional financial advisor communities, the majority of members are men, which makes it difficult for women to find mentors and role models. However, in a female-focused community, you benefit from the support and advice of other women who have gone through similar experiences to the ones you're going through. Whether it's learning from their mistakes and triumphs, gaining valuable insight into how to better serve clients, or learning how to handle gender-based discrimination in the workplace, you will have access to an abundance of experience and knowledge.
