Most financial advisors, regardless of gender, feel like they’re successful, but there are key differences in what male and female advisors attribute their success to, according to survey findings.

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

And across the board, advisors chose “trust,” “individual effort” and “specialized knowledge” as the three key influences on becoming successful, according to the survey.

But male and female advisors approach the impact of other people on their success quite differently.

For starters, women were more likely than men to value external factors as instrumental to their success, including “communication,” “community support” and “marketing,” according to the survey.

Moreover, women were more likely to consider interpersonal professional relationships and experiences as essential to their career success, The College says.

Male advisors, meanwhile, were more likely to see relationships as merely reinforcing “their already-established sense of success rather than as a contributing factor to it,” according to the report.

But The College also found that 83% of individual female advisors were successful without support, compared to 54% of individual male advisors.

“This shows that despite their focus on individual success, male advisors may also be in need of the same support systems women in the industry prize,” The College said in a statement.

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