Magnus Women’s Initiative
At Magnus Financial Group, we are committed to fostering diversity and empowering women in the financial industry. We proudly introduce the M-WIN Program—the Magnus Women’s INitiative. This program is specifically designed to attract, support, and advance female financial advisors.
Why the M-WIN Program Matters?
Addressing the Gender Gap
• Underrepresentation in the Industry: Despite women controlling a significant portion of personal wealth in the U.S., only 23.6% of all Certified Financial Planners® (CFP®s) are women as of the end of 2022, according to the CFP® Board.1 Additionally, women make up just 35.1% of all personal financial advisors, according to the Bureau of Labor Statistics.2 This highlights a significant gender gap in the financial advisory profession.
• Economic Influence: Women control at least 51% of personal wealth in the U.S. amounting to an estimated $22 trillion in 2020, and is expected to jump by 30% to nearly $29 trillion over the next 40 years as intergenerational wealth is handed over.3
• Unmet Client Needs: 53% of women do not have a financial advisor, and 67% feel misunderstood by their current financial advisor.4 This indicates a substantial opportunity to better serve female clients who may feel underserved or overlooked.
Our Commitment
The M-WIN Program aims to:
• Increase Representation: Encourage more women to enter and excel in the financial advisory profession, helping to close the gender gap.
• Enhance Client Relationships: Leverage the unique perspectives and experiences of female advisors to better serve a diverse client base, particularly women who historically may feel underrepresented.
• Promote Empowerment: Provide resources, mentorship, and opportunities with the aim to help women thrive in their careers.
Sharon Hayut, Senior Managing Director
Speaking at the Florida RIA Summit
Program Highlights
Mentorship and Professional Development
• Experienced Mentoring: Connect with a successful female advisor who can offer guidance, share insights, and support your professional growth.
• Tailored Training: Access to programs focused on leadership development, technical skills, client engagement strategies, and industry best practices.
Networking and Community
• Supportive Network: Join a community of female professionals committed to mutual growth, collaboration, and success.
• Industry Events: Participate in conferences, seminars, and forums dedicated to women in finance, expanding your professional network.
Career Advancement Opportunities
• Leadership Pathways: Explore opportunities to advance into senior and leadership roles within the firm, with support to develop the necessary skills.
• Recognition and Rewards: Celebrate the achievements and contributions of female advisors through awards, recognition programs, and career progression.
Flexible Work Arrangements
• Work-Life Integration: Benefit from flexible scheduling, remote work options, and supportive policies that help balance professional commitments with personal responsibilities.
Mentorship and Professional Development
• Experienced Mentors: Connect with a successful female advisor who can offer guidance, share insights, and support your professional growth.
• Tailored Training: Access programs focused on leadership development, technical skills, client engagement strategies, and industry best practices.
Networking and Community
• Supportive Network: Join a community of female professionals committed to mutual growth, collaboration, and success.
• Industry Events: Participate in conferences, seminars, and forums dedicated to women in finance, expanding your professional network.
Career Advancement Opportunities
• Leadership Pathways: Explore opportunities to advance into senior and leadership roles within the firm, with support to develop the necessary skills.
• Recognition and Rewards: Celebrate the achievements and contributions of female advisors through awards, recognition programs, and career progression.
Flexible Work Arrangements
• Work-Life Integration: Benefit from flexible scheduling, remote work options, and supportive policies that help balance professional commitments with personal responsibilities.
CFP Board announces new women’s initiative endowed scholarship. CFP Board. (2023, March 28). https://www.cfp.net/cfp-board-center-for-financial-planning/news/2023/03/cfp-board-announces-new-womens-initiative-endowed-scholarship
Employed persons by detailed occupation, sex, race, and Hispanic or Latino ethnicity. U.S. Bureau of Labor Statistics. (2024, January 26). https://www.bls.gov/cps/cpsaat11.htm
DeMasters, K. (2020, March 25). Women hold majority of personal wealth, but still minorities in advisory field. Financial Advisor Magazine. https://www.fa-mag.com/news/women-need-to-lead-in-finances–consultant-says-54850.html
Bier, J. K. (2016, March 28). Wanted: Women financial advisors. Financial Advisor Magazine. https://www.fa-mag.com/news/wanted—women-financial-advisors-25321.html
