The August-September issue of the Morningstar Magazine for professional advisors has an interesting interview with Sylvia Kwan. Sylvia is the chief financial officer of Ellevest – a company that specializes in investing for women.
Here are some of their positions with which your Resonate team agrees:
1. “Investing shouldn’t be unisex.” Women’s investment preferences and goals are often different from men’s. These preferences need to be heard, acknowledged, and factored into the investment portfolios.
2. “Women working outside the home experiences more wage losses than male counterparts.” This is due to taking career breaks to honor family commitments and due to the ongoing gender pay gap. Couple this with women’s actuarially longer lifespans and there is an obvious need for custom planning for women.
3. “Life changes are a certainty.” While we may not yet know what will change (health, issues with aging parents, divorce, special needs of children), we are committed to continually building our relationship so that we are there when you need us to again listen and provide appropriate (although different) recommendations.
While we apply our listening skills to all and are committed to honoring each client’s unique story and needs, we are especially committed to welcoming women to the Resonate family.
Please contact us for a complimentary conversation.
Until Next Time, Live Your Purpose!
Barbara A. Culver
CFP®, ChFC®, CLU, AEP®