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BMO Nesbitt Burns has launched a web tool on its careers site designed to educate and recruit women for advisory roles.

Read: Stereotypes wreck KYC

It provides information on the benefits of being an advisor, and shows why the career is attractive for women seeking flexibility – both from a work and home-life balance perspective.

A recent BMO study shows:

  • 89% of women believe the financial services sector should be doing more to help female employees achieve a better work and home-life balance.
  • 66% report men have more career opportunities than their female counterparts.
  • 62% feel that there’s still a glass ceiling hindering women from advancing their careers.

Read: Majority of women are breadwinners

“As an industry, we need to do more to encourage women to pursue a career in financial services as well as ensure we create supportive and flexible work environment[s],” says Charyl Galpin, co-head, BMO Nesbitt Burns.

Read: Stop talking down to women

“Having a broad and diverse talent pool of investment advisors, including women, is not only the socially responsible thing to do, but it also makes good business sense [since] it increases our ability to attract a client base that reflects Canadian society,” she adds.

What’s more, “we need to recognize that women are controlling more wealth than ever before. Many act as CFO of their households and have a key role in managing finances.”

Originally published on Advisor.ca

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