Dan Pascone, founder and CEO of Tailored Wealth in Fairfield, Connecticut, said one issue he often sees is that many women think they need to have everything figured out before working with an advisor, when the real purpose of advice is to help create clarity and confidence in the first place.

“The industry can improve by building more human, inclusive advisor experiences, listening better, asking more open-ended questions and recognizing that life transitions and emotional context are often just as important as the technical plan,” he said.