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Female advisors judged more harshly than males

After reviewing data on the approximately 1.2 million registered financial advisors in the U.S., a study finds that female advisors face more severe punishment than men and are 20 percent more likely to be fired after missteps.

By Marlene Y. Satter | Updated on March 24, 2017
A study finds that female advisors face more severe punishment than men and are 20 percent more likely to be fired. (Photo: iStock)

In yet another example of how tough the workplace can be for women, CNN reports that female financial advisors at Wells Fargo Advisors are 27 percent more likely than the firm’s male advisors to be canned for misconduct.

The report cites a study by professors Mark Egan of the University of Minnesota, Gregor Matvos from the University of Chicago and Amit Seru of Stanford University that was published by the National Bureau of Economic Research.

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