Krawcheck expressed her opinion on the advisors and their clients and the firms they work for to the conditions of the market situation as well as involvement of young advisors and women in the Wall Street.

She said that though clients like, trust and admire their financial advisors, the firms they work for is not on the top list of the clients.
Regarding the firms she said most of the clients were disappointed by the advisor’s institution. "They don’t feel like they’re being heard," she said.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

She added that the client trust with their advisors has returned to the levels they were at before the financial crisis of 2008 and the percentage of advisors losing clients remains in the low single-digits for any given year.

Krawcheck said that there was a need to diversify from investment performances and get into financial planning and client service as well.

"We’re still not talking enough about planning and liquidity management, and protecting against the downside," she said. "Surveys indicate that investors want their advisers to help them with a financial plan and they want them to return their phone calls."

Krawcheck also expressed her opinion of involvement of women in the Wall Street and giving way to young investors.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

She said that the industry has not matured much in 25 years she has been with it. When she atsrted out in the industry it was hard for a female to make her mark and the situation has not improved much.

Women make up 16 to 17% of advisors in the industry today and in senior management positions, the number is smaller – about 15%.

"Our industry does not do a great job for women. We do have large groups of people – women – who are underserved by our business."