Divorcees seeking security, not returns

APR 24, 2012
By  JKEPHART
For Jennifer Failla, the key to working with female clients is looking beyond investment returns. Ms. Failla, principal of Failla Financial Management LLC, an independent advisory firm in Austin, Texas, that works only with divorcees, said that women consider finances only as part of a larger picture, so a more holistic approach is necessary. “Women aren't as concerned about portfolio returns, retirement income or asset allocation. That's not what stresses them out,” she said. “They're worried about making monthly expenses, credit and basic home needs.” Ms. Failla discovered this through reaching out to other professionals who work with divorced women, such as estate-planning attorneys, therapists and family attorneys. It was part of her homework. “We set up interviews with them to find out what was keeping their clients up at night,” she said. “We asked what they were seeing in the divorce arena and how they could add more value for clients.” To better connect with clients, Ms. Failla also rethought her approach to attire. “We took off our drab suits and started to dress more with our personality,” she said. — Jason Kephart

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound