Brewin Dolphin and Brown Shipley are among several wealth firms to sign up to the government’s Women in Finance Charter.
A further 45 companies have now signed up to the charter launched in 2016, which also includes Close Brothers, Hargreaves Lansdown, Investec Wealth & Investment and LGT Vestra.
The move by Brewin Dolphin comes after the firm revealed that just 16% of its top paid staff are women.
The charter is a commitment by the Treasury and signatory firms to support the progression of women into senior roles in financial services by focusing on the executive pipeline and the mid-tier level.
A total of 205 firms have now signed the charter, including the big Wall Street banks like Goldman Sachs, Morgan Stanley and UBS. It now covers 650,000 employees in financial services in the UK.
Prime minister Theresa May said the number of new signatories is ‘an important step forward’ as ‘our workplaces are greatly enriched by different approaches’.
May added: ‘Time and again, I have seen first-hand how women can bring fresh thinking and new perspectives. And I know the commitment that women put into their jobs on a daily basis.
‘But, of course, there is still more to do be done and I look forward to seeing these companies really delivering on their targets over the next few years.’
The charter also requires firms to publicly report on progress to deliver against internal targets on the progression of women into senior roles, with each firm able to set its own target.
Signatories also pledge to have one member of its senior executive team responsible and accountable for gender diversity and inclusion, as well as an intention to ensure the pay of the senior executive team is linked to delivery against the internal targets on gender diversity.