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women vs men tug of war money Christos Georghiou/iStock/Thinkstock

Not So Equal Pay

It's not a fair fight. | Christos Georghiou/iStock/Thinkstock

Based on the Current Population Survey from the Bureau of Labor Statistics, women working as personal financial advisors earned 61.3 percent of what their male counterparts earned in 2014. According to the report, that number is the largest average pay gap in any industry, edging out physicians and surgeons for the top spot. Taking a look at the overall numbers for female professionals, the income comparison saw women making 82.5 percent of what a man earned in 2014.

Most Mid-Sized RIAs Are Stock Pickers

That one. | Copyright Spencer Platt, Getty Images

Despite the hype around passive index funds and ETFs, 52 percent of mid-sized registered investment advisors are what Optima Group calls “proprietary active managers,” those who pick stocks and bonds directly to build customized portfolios. Optima, a consulting and market research firm, analyzed established RIAs with $500 million to $4 billion in AUM and who serve high-net-worth individuals. These active managers hold 48 percent of the asset share in this group, while “open architecture active managers”—those who build portfolios with active external managers—account for 39 percent of these RIAs and 42 percent of the assets. “Passive managers,” who primarily use passive or index products, make up only 10 percent of these RIAs and 10 percent of the assets, Optima found. (The firm was unable to determine the investment approach for about 20 percent of the RIAs in the group.)

The Robos Will Evolve, So Should You

Survival of the fittest. | Dragan Vasiljevic/Hemera/Thinkstock

Don't expect robo-advisors of the future to look the same as they do today. They will become simpler and smarter. That means not only will self-directed investors be using them, but so will all financial advisors, writes Russ Alan Prince for Forbes. That aligns with the views of Advisor Software Inc.'s Andrew Rudd: Robos won't be as disruptive as we think because advisors will figure out how to work with them, rather than against them.

America Saves Week

Monday kicks off the 9th annual America Saves Week, where over 1,000 organizations will participate in a nation-wide effort to help educate the public on the importance of taking financial action.  Only about a third of Americans were making good progress toward meeting their saving needs, according to a 2014 survey by the Consumer Federation of America around the annual event. But the numbers of savers are going up and the CFA says they’re seeing “encouraging” changes in savings behavior over the last year. Check out all the action on Twitter using the hashtag #ASW2015.

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