Members of the industry are speaking out for change in response to
Ken Fisher’s lewd remarks and to stop bad behavior; plus, our exclusive
poll reveals what female and male financial advisors really think of his
comments and more.
A typical fireside chat at an event in October quickly turned into a firestorm after billionaire investment
advisor Ken Fisher made crude remarks that have
sparked a renewed discussion on the treatment of
women in financial services.
In the weeks following the incident, industry
leaders and many others have spoken out about
such bad behavior, some $3.4 billion of Fisher
Investment’s $115 billion of assets reportedly have
flowed out, and a growing number of organizations
are putting codes of conduct in place to prevent such
The industry seems to have reached a tipping point
in gender issues, as news stories tied to the Fisher
matter continue to dominate headlines and water-cooler conversations. To best evaluate the prospects
for meaningful change in the industry’s treatment of
women, we spoke with business leaders and other
participants and conducted an exclusive advisor poll
on Fisher’s behavior and broader gender-related
topics — the results of which are highlighted here.
ILLUSTRATION BY MICHELLE THOMPSON
By Janet Levaux