The Forthcoming $30 Trillion Wealth Transfer to Women
Article
by Theresa Gusman, Chief Investment Officer of First Affirmative Financial Network
An enormous transfer of wealth is underway in America that presents an historic opportunity for the financial services industry and specifically for women advisors and customized ESG investing. Female advisors – though they are outnumbered by their male counterparts by more than four to one – are better positioned to guide the clients on the receiving end of this transfer.
by Maggie Kulyk, founder of Chicory Wealth and author of "Integrating Money and Meaning"
I have been working with people and their finances for almost twenty years now, and one thing I know for certain: Each person’s relationship with money is unique and powerful, whether they choose to recognize it or not. I have also noticed that those who are willing to accept and work with the realities of their relationship with money generally lead happier and more balanced lives.
All of the chapters in my money story could be summed up with three words: make it count. As a Financial Advisor, I’ve had a decades-long fascination with squeezing value and meaning out of every dollar and helping my clients do the same. I even named my business Make Your Money Count, LLC. But the essence of my money story focuses on faith more than finances.
Interviewed by Cliff Feigenbaum, GreenMoney Journal
Welcome to the latest in the 'GreenMoney Interviews' series. Recently I spoke with Liesel Pritzker Simmons of Blue Haven Initiative, as part of our new "Millennials and Money" issue. Liesel oversees an impact investing portfolio structured to generate financial returns and address social and environmental challenges.
by Jessye Waxman, Green Century Capital Management
As a shareholder advocate for an environmentally-responsible mutual fund company, I directly engage companies on their supply chain strategies and have successfully convinced them to adopt practices that have real-world impacts that protect a triple bottom line. I’ve collaborated with Aramark and Tyson Foods to develop robust no-deforestation commitments, and have successfully pressed Kroger, the largest grocery chain in the US, to adopt a no-deforestation policy that will cover its private label products.
Women are still a minority in the financial services industry, but they are using technology to build their businesses and make their presence known, according to Edward Jones.
Ongoing training and coaching are keys to women financial advisors keeping up and being competitive, according to a survey of 107 of Edward Jones’s top-earning female financial advisors.
Northern Trust has discovered the best way to bring female clients into the investment process is to show how their portfolio can fund their current lifestyle and their goals, instead of talking about how they are going to invest to beat the market.
That’s what Solstice’s new Luminaries series is all about — asking the difficult questions and discovering what makes the people at the top of the financial services industry tick.
