At Wells Fargo Advisors, Female FAs are Punished More Severely Than Men, Study Shows

January 1, 2019 by Miriam Rozen

A recent study shows women advisors experience higher rates of job separation for misconduct violations than their male counterparts at financial advisory firms. The study indicates that this so-called gender punishment gap is most severe at Wells Fargo Advisors, and the news has not been welcome for the wirehouse.

“We believe there are substantial issues with the authors’ methodology, data, and the variables that underpin the study, and that its findings and conclusions are therefore misleading,” a Wells Fargo spokesperson writes in an email.

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Originally Posted at Financial Advisor IQ on December 20, 2018 by Miriam Rozen.