Girls have made great advances in the financial services industry, occupying 47 percent of management and professional roles at financial organizations, yet they seem to be to have reached that common glass ceiling when it comes to the top executive committee, board and CEO roles. A newly released article in the Harvard Organization Review seeks to describe why women occupy only 20 percent of full-time committee slots, 22 percent of board positions and a meager 12 percent of CEOs of large financial firms. In a nutshell, the deck is still stacked too seriously against them. Responses to an Oliver Wyman study of eight hundred fifty financial services professionals and 100 senior female management found that the culture of finserv organizations is promoting little in the past 35 years. Namely, effective elderly bankers are noticed as “aggressive, dominating, transactional–characteristics that are stereotypically masculine. very well As a result, women are held to a higher standard than men and proving themselves is harder. Not to refer to role models in elderly executive positions for new women are few and far between. According to the article: “As one senior female banker we interviewed said: ‘If a woman appears up and see any women towards the top, she amazing things if she’ll make it–if all of the forfeit she will have to make will pay off. ‘”
Women Aren’t Cheerful About Their Career Advancement
Almost a third of yankee workers–and particularly women–are unhappy with the improvement with their careers, matching to a fresh workplace study from Addison Group. Thirty-two percent of ladies express discontentment with how fast they are being promoted, when compared to 25 percent of men who feel the same way. Apart from showing American workers’ career discontentment, the survey also descriptive and reinforced that a gender divide exists in retirement confidence, as will a generational divide. Forty-three percent of girls are confident in their ability to leave the workplace, while 55 percent of men feel the same way. Meanwhile, over 70 percent of millennials have a positive retirement prospect, which is higher than generations closer to or at retirement: 50 percent of Generation Xers and 55 percent of baby boomers feel confident of the ability to retire.
Addepar Crosses Asset Milestone
While Addepar surpassed $500 million in assets on it is platform, the financial technology firm announced a number of recent updates and features to its products. To start, Addepar announced that it will start up its application program interface (API) allowing third parties to develop applications on the Addepar system. The corporation also said that in order to boost security, it’s allowing users to consolidate their login experience, extend specialized corporate network settings to Addepar and utilize two-factor authentication. The company says more than 200 businesses are using the platform, and it is opening a new office in Salt Lake Metropolis in order to cater to the growth.