The field traditionally has been male-dominated. But some firms are making an effort to recruit more women financial consultants as increasing numbers of women have money to invest. Salomon Smith Barney Inc. in Gulfport is having a free seminar Aug. 24, at 6 p.m. at their offices at 2308 East Beach Blvd. to recruit women to work as financial consultants. We re recruiting, says George Cullinan, branch office manager for Salomon Smith Barney Inc. in Gulfport. Quite often women will call here with money to invest and specifically ask for a female financial consultant.
Women live longer than men, so they tend inherit money.
With our society in general, our economic base is so strong that families are wealthier now than they used to be. When women go through divorces and widowhood, they wind up with big decisions they oftentimes never had to make before. Women still have some catching up to do when it comes to salaries, but that is expected to improve in the years to come. Merrill Lynch is another firm that is making an effort to recruit more women financial consultants. I think there is a tremendous advantage for women in the field, says David Sontag, resident vice president for Merrill Lynch in Mississippi.