Financial Services & Recruiting academyrecruiting on 22 Aug 2008 12:00 pm

Another highly successful woman in financial services

I’m going to take a break from the “Can you trust recruiters?” series, and may or may not return to it. Oh, there’s lots more to say in that area, but it’s not the most pleasant subject, and I do get tired of talking about it, as much as it really does need to be discussed.

Here’s something on a lot more positive note…

Great article in the Jacksonville Financial News and Daily Record today about Margaret “Mag” Black-Scott, who rose from being a financial advisor at Morgan Stanley to her current position there as vice chairman for national sales. I think you’ll find her background and career path pretty interesting (not to mention who she’s married to), but what struck me most was her comments here:

“If you look at the statistics regarding women in this business you’ll find we represent only about 15 percent of the financial advisors. Women on Wall Street face unique challenges but I think it’s a great business for women. Some don’t pursue finance as a career because they think it’s so risky, but look at how many women have careers in real estate. How risky is that? Morgan Stanley would like to convince more women to enter the financial services industry,” said Black-Scott.

Excellent points.

And, trust me, it’s not just Morgan Stanley - all of the major wirehouses are dead serious about adding a lot more women to the ranks of financial advisors.

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