Top 10 Women RIAs in 2014Mar 28, 2014
Women are still a minority in financial services, despite the industry's efforts to address the gender imbalance. Female advisors make up between 10 and 30 percent of the advisory workforce, according to data collected by Cerulli Associates and the Bureau of Labor Statistics. The women on WealthManagement.com's Top 25 Woman-Owned RIAs list are more than just advisors, of course. They are entrepreneurs, owning at least 25 percent of some of the largest RIAs around. Here’s a closer look at the top 10.
WealthManagement.com's Top Women-Owned RIAs list was assembled using data from SEC filings and Meridian-IQ (in which Penton Media has a stake). Advisors are ranked by their firm’s total assets under management. To land on the list, female advisors were required to directly own at least 25 percent of the firm. Additionally, these women have at least some individual clients for whom they do financial planning and have no more than 50 percent institutional clients. Finally, none of the RIAs on our list operates a broker/dealer or a bank.