CHICAGO -- The wealth management industry has been woefully behind in closing the gender gap, but firms and advisors can mentor, spotlight role models and take other measures that encourage more women into the profession, say advocates.

CFP Board Consumer Advocate Eleanor Blayney said at the Women Advisors Forum this week that board research, as part of an ongoing effort to bring more women into the profession, showed that the average female advisor was about 6 years younger than the average male advisor. Research also revealed that women advisors were more likely to be salary-based, and paid less than their male counterparts. 

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