Women in India take a break in the early stages of their careers to start a family life. Or leave her career in the middle for family care or other personal matters.
On the occasion of International Women’s Day, the Women’s Financial Advisors Network ie WFAN has entered into an agreement with PGIM India Mutual Fund to bridge the gender gap in the financial services sector. Its aim is to increase the number of female entrepreneurs in the country. WFAN has achieved such success through its joint partnership with Garrett Planning Network. Now he wants to repeat this success by entering into a similar agreement with PGIM India Mutual Fund. In 2000, Ms. Sheryl Garrett founded the Garrett Planning Network. And it serves its 25 thousand families through 250 member networks across America.
Garrett Planning is committed to the effective use of network technology. Through this, it provides a continuous and effective learning experience to its members. Through this, the members get a rich and diverse content from the respective Knowledge Bank. Also, the community of like-minded professionals gets the support so that they can support each other and learn by collaborating with each other. The focus of WFAN is on women ‘career changers’.
Those with ten years of experience are benefited
The focus of this program is on women who have ten years or more corporate experience and now want to start the second innings of their career as financial advisors. Its purpose is not only to make them financially independent but also to help them live a balanced and purposeful life.
Gender gap of 26 percent in India
Research shows that women in India take a break in the early stages of their careers to start a family life. Or they leave their career in the middle for family care or other personal matters. These women want to return to work again but they do not get the right opportunities in the second innings of their career. The highest gender gap in the world is at the working places of India. This gap is 26 percent, which is the highest in the world.
Women should be financially independent
WFAN co-founder Partha Iyengar said that we chose PGIM India Mutual Fund as our exclusive partner for the Indian market because our values are shared and we find ways to work. The mission of both of us is to make women financially independent and we want them to live a balanced and meaningful life. He said, PGIM India Mutual Funds and WFAN believe that financial advisors working in this field have to become Choice Architects for their clients so that they can lead healthy, prosperous, happy and meaningful lives. ”
This is how you will get benefit
Ajit Menon, CEO of PGIM India Mutual Fund, said, “There are many great women financial advisors in India who are inspirations for the community. We want this number to increase further. Supporting the alliance of WFAN and The Garret Planning Network of America for this program coaching only women financial advisors on fee basis is a small but important step towards achieving this objective. Reacting to this partnership, Sheryl Garrett said, “We are very happy to tie up with WFAN to bring The Garret Planning Network to India and help our vision.” We are also very happy to be a partner in the vision of WFAN to provide effective and fair financial advice to all people. ”
Started scholarship program
WFAN will be supported through this partnership with PGIM Mutual Fund as a pilot program. This will allow WFAN to award a partial scholarship to cover membership fees. This scholarship will be given to the first ten women to be included in this program. Its scope can be expanded in future. For this, the selection of women is done after a lot of stiff competition. This scholarship has been started for Indian women for the first time. After training the first batch, women will be given a certificate of Financial Life Planning and Investment Advice Practice. The certificate will be given by The Garrett Planning Network, PGIM Mutual Funds, WFAN and its knowledge HerMony. Apart from this certificate, members will be helped to start their own advisory business within three to six months of joining this program.
