Women going through a difficult life transition, such as a divorce, often want to turn to other women for financial advice, said Stacy Francis, chief executive of Francis Financial.
When advisers are looking for growth, they should embrace those 'touchy-feely' conversations some may not value, say panelists at the Women Adviser Summit.
The woman-led management team retains a majority stake in the firm, while investor Abry Partners is exiting.
Sam Cone, Jessica McNamee and Grace Yung are joining the group, whose members have diverse backgrounds and specialties.
'Ask a lot of open-ended questions,' one adviser said at the IN Women Adviser Summit in Naples, Fla. 'Let them tell you how they feel.' Another encouraged exploring clients' 'transitions, milestones, peaks and pits.'
Sponsorship is a necessary step for the financial services profession to become more diverse and inclusive to the next generation.
What started out as a networking group became a driver for changes that advocated for women in the industry.
'The future is comprehensive financial planning,' Rose Palazzo says, and she hopes to be at the forefront of that shift as the new head of MoneyGuide.
Asset management is the ultimate meritocracy, and the sky is the limit for what a woman can achieve, even though it's a male-dominated industry.
This year's awards recognized 13 winners in categories such as Advocate of the Year, Outstanding Leader of the Year and ESG Investment Manager of the Year.
Geeta Aiyer has dedicated her career and personal passion to using finance to support social good via ESG and impact investing.
Women's longer life expectancies and the likelihood that most will spend their final years on their own indicate the need to take more risk with their retirement portfolios. Unfortunately, most female investors do the opposite.
Bring on a junior adviser at least five to seven years prior to retirement, to give both the adviser and clients time to acclimate to the role and those important relationships.
Honoring the 2020 and 2019 InvestmentNews Women to Watch for their achievements and dedication to improving the financial advice profession.
Lindsey Rhea’s firm, Alia Wealth Partners, is based in Germantown, Tennessee.
The Planned Approach, managing $266 million, is joining Buckingham Strategic Wealth, a St. Louis-based RIA in which Focus owns a majority stake.
The wealth management chief at BMO Financial will succeed Kathy Murphy, who plans to step down before the end of the year.
Carrie Turcotte and Crystal Walker run NorthShore Financial Strategies in Chattanooga, Tennessee.
Asset managers need to embrace diversity, equity and inclusion efforts as a core ingredient of a sustainable business model, experts say.
Her Success Matters kicks off its second season with a fresh lineup of guests including top executives, influencers and historical figures.
