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Most financial advisors, regardless of gender, feel successful, but there are key differences in what male and female advisors attribute their success to, according to the survey results.

Seven out of 10 financial advisors believe they are successful, The American College Center for Women in Financial Services it says found in a survey of 800 financial advisers between October and November 2021.

And overall, advisors picked “confidence,” “individual effort,” and “specialty knowledge” as the top three influences for success, according to the survey.

But male and female advisors approach the impact of others on their success very differently.

For starters, women were more likely than men to value external factors as determinants of their success, including ‘communication’, ‘community support’ and ‘marketing’, according to the survey.

Additionally, women were more likely to view interpersonal work relationships and experiences as critical to career success, according to The College.

Male advisors, on the other hand, were more likely to view relationships as merely reinforcing “their already established sense of achievement rather than a contributing factor,” according to the report.

But the College also found that 83% of female Individual Advisors were successful without support, compared to 54% of male Individual Advisors.

“This shows that despite their focus on individual achievement, male advisors may also need the same support systems as women in the industry award,” the College said in a statement.

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