Women and Wealth
January 16, 2020
2010-11: Aftershocks of the Great Recession The best way to see how much can change in a decade is to remember how things were at the end of the last one. In 2010, we were coming off the worst decade for stocks since the 1930s. The Great Recession had devastated the retirement savings of millions of people. Many of the world’s most famous financial institutions had collapsed. And the national unemployment rate was near 10%.1 It was a scary and uncertain time. Many investors had fled the markets entirely by 2010, some for good. As a result, they missed a […]
August 6, 2019
In 1809, Mary Kies became the first American woman to hold a U.S. patent in her own name for her original way to weave straw with silk. In 1825, Rebecca Lukens became the first female CEO of an industrial company in the United States, and was inducted into the National Business Hall of Fame in 1994. In 1839, Mississippi passed the Married Women’s Property Act, which gradually strengthened women’s claims to ownership and financial independence. Just think, this was all before women were even allowed to vote! Women have been more than involved in business and […]
June 7, 2016
Women & Wealth Series – 1 of 10 When asked what financial advice women would pass on to their daughters or granddaughters, the top answer given was… “Don’t depend on others for your financial security.” What should you do? Take an active role in your own financial future. Make sure you are involved in your family investment planning and financial planning decisions. From my perspective as a Personal Wealth Manager, it’s quite unfortunate that many women aren’t involved until there’s a death, divorce, job loss, illness or other event that thrusts them into financial disaster planning mode.