IFA Fiona Price has responded to criticism in last week’s Money Marketing over accusations of her belittling women in the debate on how to encourage them to enter the industry.
Last week, Thinc Group financial consultant Christina Skinner said she was outraged by comments made by Price over Thinc’s female recruitment drive.
But Price argues that her comments were about the apparent contradiction of Thinc Group chief executive Simon Chamberlain’s current drive to recruit women and the disappearance of the Fiona Price and Partners brand after she sold it to Thinc.
Price says: “How many women advisers are there at Thinc? Very few, by all accounts, and I suspect the reason there are not more women in Thinc Group is the sales culture and lack of understanding and appreciation of what women have to offer as advisers.”
She says she has always expressed the view that men and women do business in a different way and women do not by and large thrive in a traditional carrot and stick culture as their motives in business are often different to men’s motives.
Price says: “When the financial world is effective at embracing women both as clients and advisers, there will be no need for any special consideration for women. Indeed, the womenfriendly culture which will have developed by then will also have benefited men.”