Family leave for financial advisors: It’s about time

As the financial advisor workforce ages and continues to be male-dominated, family leave could go a long way in attracting more young talent, including women, to the profession, says Doug Boneparth, president of New York City-based Bone Fide Wealth.

His practice is small – it’s just him and an assistant ― but he offers two months leave at full pay, plus one month to work from home. Boneparth intends to handle the assistant’s work himself while she takes advantage of that leave policy (she recently gave birth).

Family leave policies are a no-brainer in 2018, he says, and he encourages other firms to do the same.