Nearly 100 women advisors descended on Dallas for a day of educational sessions, discussion and networking on Thursday. The topics at this Women Advisors Forum event included behavioral finance, tools for working with widows and divorcees, the need for succession planning, strategies for philanthropic giving, ways to get more women into the planning industry and more.
Here are some of the smartest things we heard at the conference:
BE PRESENT
Are you part of the solution or part of the problem? speaker Joy Kirsch urged advisors to ask themselves. Kirsh, an advisor who lost her husband at age 30, has become an expert in working with other widows and
NO RATIONAL INVESTORS
Deena Katz, an advisor and associate professor of financial planning, led a behavioral finance session focusing on the
STRESS IN TRANSITION
It doesnt have to be as major as losing a family member, but a lot of people go through
GIVING WHILE GROWING
Despite assumptions to the contrary, financial planners' clients are almost always financially equipped to
RAISING THE COLLECTIVE INTELLIGENCE
Eleanor Blayney, the Consumer Advocate with the CFP Board, had some negative news about women's growth in the CFP profession compared to men: Fewer enter, fewer pass the CFP exam, fewer stay in the profession, and fewer practice even if they have the certification. To counteract these trends, the CFP Board is studying the barriers women face and has
800 POUND GORILLA
Though the CFP Board is investigating the gap between men and women in CFP certification rates and interest in the program, attendee Kimberly Holcomb says something was missing from the conversation during a session on the CFP Boards findings on
WAVE OF CHANGE
Kelly Rigas, managing director of KR Wealth Management Group, says new client couples come to her after upsetting meetings with other financial planners. In one case, a male advisor had failed to address the wife. "He would not speak to me," Rigas remembers the woman telling her. Rigas's response: "No offense Mr. Man but her name is on those account statements." She says she sees a major shift underway in the industry. I feel like there is such a huge wave of change because people are not getting what they want.
SPECIAL PLACE IN HELL
A panel discussion on
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