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The following was an open letter to members from LadyAdvisor’s founder.

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Dear Ladies,

I challenge you to be a part of the change — closing the gap for women on Wall Street!

What would it be like if global capital markets decision making were conducted by a more diverse group of leadership minds: 50% women? Would it be different? I put it to you to ponder.

I am sure you are very aware of the consistently low number of women Wealth Advisors on Wall Street and within Financial Services around world. It is currently estimated that women make up less than 20% of the Advisors in the U.S.

This has remained virtually unchanged for many years, even with the growing numbers of women investors. The Insurance Advisory Board estimates that women will control $1 Trillion (60 percent) of the wealth in the United States by 2010. According to a survey by the Opinion Research Firm and Securian Financial Group, women often prefer to work with female Advisors at a rate of approximately 3-to-1. What an unbelievable opportunity. Be prepared to receive this and also be a part of closing this gap. (more…)