More than 1,000 women are now working as financial advisers at St. James’s Place, but there remains a significant gender gap, the firm said.
The milestone comes amid the Great Wealth Transfer, with women projected to hold over half of the UK’s wealth.
Despite this, the number of women in the financial advice sector is not evolving at the same pace as female wealth. Only 18% of financial advisers in the UK are female, a figure that has increased by just 2% since 2022. At St. James’s Place, this figure is one in five.
James Rainbow, CEO of St. James’s Place Wealth Management, said: “For many clients, seeing themselves in their adviser builds trust and connection in powerful ways. With over half of the UK’s wealth now in the hands of women, our profession must evolve to reflect the clients it serves.
“Reaching 1,000 female advisers at SJP is a positive step. That’s one thousand professionals building practices, advising clients, growing businesses and shaping the culture of the industry from within. But while this milestone shows our momentum, it is not the endpoint.”
The firm said that as women take on a greater share of financial decision-making, the advice industry must reflect the changing dynamics and greater female representation would bring broader perspectives, support deeper client conversations and enable more nuanced long-term planning.
SJP said it is accelerating its focus on increasing the number of women entering the profession through its Academy, where nearly one in three (27%) participants are women. This drive is supported by the guidance of its Female Advisory Board, made up of 20 senior advisers from across the business who are helping to shape SJP’s efforts to strengthen female representation and leadership both within SJP and across the advice industry.
Rainbow added: “Creating more opportunities for female advisers to thrive is something I care deeply about because making financial advice more accessible is fundamental to our future prosperity as a nation.
“Through SJP’s Financial Adviser Academy, mentoring networks and strong Partnership culture, women are empowered to develop successful practices on their own terms, while making a meaningful difference to their clients’ lives and financial futures.”
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