Raymond James & Associates has launched a new training and development programme for female registered service associates to become financial advisors.
The new Registered Service Associate Team Development Program is conducted for women to enter into the profession and also to provide potential successors for retiring advisors.
The participants will be assigned a mentor and after six months, they will start training for the Accredited Asset Management Specialist designation.
Tash Elwyn, president of Raymond James & Associates, said: "We are excited as well as confident that this will help Raymond James address two industry challenges, the first being attracting more women to the profession and also positioning us as we build scale over time to have the right quality and quantity of potential successors for our retiring advisers.
"We recognize this as a very natural career path and opportunity for us to address the demographic challenge that faces all firms with aging of the adviser population by attracting a more inclusive workforce to the financial adviser program," Elwyn added.