1 InvestmentNews, “The great wealth transfer is coming, putting advisers at risk,” July 13, 2015. http://www.investmentnews.com/article/20150713/FEATURE/150719999/the-great-wealth-transfer-is-coming-putting-advisers-at-risk
Investing in Women Newsletter - December 2016
- Own It: The Power of Women at Work
- The Vast, Long-Lasting Gender Retirement Gap
- Five Ways to Promote Women's Leadership at Your Company
- Women and Life Defining Financial Decisions
- Gender Lens Investing: Growing Interest and Increasing Options
- Gender Differences and Changing Patterns Across the Generations
- Invest in Her
- Practice Management Tip: Reach the Next Generation of Clients
- Advisor Spotlight – Congrats to the 2016 InvestmentNews Women To Watch!
New and Noteworthy:
Reports and information that can help make a difference for you
Own It: The Power of Women at Work
In her new book, Pax Ellevate Chair Sallie Krawcheck shows women how to take their careers to the next level by playing by a new set of rules that build on their natural strengths. If you pre-order by December 15, you’ll receive a podcast from Sallie that will teach you how to rock your year-end review and negotiate the raise you deserve.Pre-order a copy now
The Vast, Long-Lasting Gender Retirement Gap
TIAA reports that women face three key challenges during the savings phase for retirement:
- Women work fewer years over the course of their lives.
- When they do work, they earn less compensation.
- Women take on less investment risk, which results in lower investment return.
How are you discussing these issues with your female clients? This report arms you with the data you need to start the conversation.
Five Ways to Promote Women's Leadership at Your Company
Despite a rock-solid business case for gender diversity in the workplace, many companies still lag far behind when it comes to advancing women in leadership. But gender equality isn’t an impossible dream. For some companies, it’s a reality. Over the past year, Anne Greenwood has had the chance to speak to leaders at over 50 companies around the world through her role on the Pax Ellevate team. In this article, she identifies five of the top strategies that corporate leaders told her are helping them make progress when it comes to promoting women’s leadership.Visit paxellevate.com to read paper
Women and Life Defining Financial Decisions
This Merrill Lynch article looks at how career decisions, home ownership and debt, and caregiving can impact a woman’s retirement roadmap. Did you know:
- Women’s earnings average $0.79 for every $1 earned by men — a lifetime shortfall of over $300,000.
- An estimated 66% of caregivers are female.
- After age 85, only 19% of women have a living spouse.
Gender Lens Investing: Growing Interest and Increasing Options
Veris Wealth Partners explains how, in a few short years, gender lens investing has moved from a promising concept to one of the next big things in impact and sustainable investing. In fact, assets under management (AUM) disclosed by gender lens investing strategies grew from $100 million as of September 30, 2014, to $561 million as of June 30, 2016.Visit the Veris website
Gender Differences and Changing Patterns Across the Generations
Women Give 2016 investigates whether generational shifts in charitable giving intersect with women’s changing decision-making roles within families. Interesting findings include:
- Young single women today give at comparable levels to their counterparts 40 years ago. Young single men and married couples today give less than their counterparts 40 years ago.
- Young married women today have more influence on decisions about giving than their counterparts 40 years ago.
Check out an infographic highlighting key data from the report here.
Join the Women’s Philanthropy Institute for a national symposium on women’s philanthropy, March 14-15 in Chicago. The event will bring together a wide range of speakers from across the nonprofit sector to discuss big ideas, bold language, new approaches, and catalytic action. Register today and add your voice to the conversation.Learn more about Women Give 2016
Invest in Her
Women are fast becoming one of the most powerful and disruptive forces in business today – and the case for women is harder than ever to ignore. Download our new Pax Ellevate Global Women’s Index Fund brochure to help initiate a discussion with your clients about investing in women.
Practice Management Tips
Reach the Next Generation of Clients
Millennials are expected to receive a record-breaking intergenerational wealth transfer of over $30 trillion. But here’s a sobering statistic: 66% of children fire their parents’ financial adviser after they receive an inheritance.1 How can you bridge the generation gap and retain Millennial clients?
Save the date for a Pax World Millennials & Money webinar on February 15 at 4 p.m. EST for a deep dive inside the minds of Millennials and learn how to:
- Understand who Millennials are and why they matter to your practice now
- Position yourself to reach and retain this next generation of clients
- Tweak your communication to effectively appeal to Millennials
Congrats to the 2016 InvestmentNews Women To Watch!
Last year, InvestmentNews launched their inaugural Women to Watch initiative honoring female financial advisers and industry executives who are distinguished leaders at their firms. These women have advanced the business of providing advice through their leadership, passion, creativity and willingness to help other women along the way. Kudos to the 2016 honorees: Hollie Fagan, Deena Katz, Cary Carbonaro, Katherine Mauzy, Stacy Francis, Karen Schaeffer, Carolyn McClanahan, Peggy Ruhlin, Debra Kriebel, Valerie Brown, Jocelyn Wright, Eileen O’Connor, Eileen Sharkey, Catherine Weatherford, Margaret Starner, Lori Hardwick, Amy Smith, Jane Rojas, Kara Underwood, Susan Hirsch, and Lisa Dolly.
On behalf of the Women to Watch class of 2015 – congratulations!