Getting to Know Women Investors

Posted by Anuradha Gaggar, CFA, FRM

November 13, 2019 at 1:30 PM

Women's economic clout is on the rise. They are generating and managing a growing amount of global wealth. They are increasingly participating in the workforce, leading major corporations, starting new businesses, and inheriting wealth. These positive shifts have translated into real financial power—and likely into a growing segment of your business.

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Topics: Financial Planning

Financial Guidance for Recent Widows

Posted by Whitney Drechsler, JD, LLM, CFP

October 23, 2019 at 1:30 PM

Yesterday, we focused on what financial advisors can do to help women navigate the financial implications of the end of a marriage. Today, we’ll discuss how to assist recently widowed clients.

A 2018 UBS Investor Watch Survey found that nearly 70 percent of married women from around the world believe they’ll outlive their husbands. This belief is confirmed by recent U.S. government data showing that women are living longer than men by roughly five years. Yet many of the women who experience a husband’s death are unprepared to handle the major financial issues that suddenly fall on their lap. That’s especially true for women who’ve abdicated control of financial planning and investing decisions to their spouse over the years.

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Topics: Financial Planning

Guiding Women Through Financial Change After a Divorce

Posted by Whitney Drechsler, JD, LLM, CFP

October 22, 2019 at 10:00 AM

Numerous studies suggest that women often defer to their spouses when it comes to making long-term financial decisions, a choice that can put them at a distinct disadvantage in the event of divorce or death of a spouse. Our posts today and tomorrow will focus on the role financial advisors can play in helping their female clients successfully navigate these life transitions.

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Topics: Financial Planning

Are Your Clients Liable for Spousal Debt?

Posted by David Haughton, JD

September 11, 2019 at 1:30 PM

“What’s yours is mine and what’s mine is yours” is a typical mantra of married couples. But when it comes to debt, that saying can be scary. Fortunately, the general rule is that spouses are not responsible for each other’s debts (in the legal sense, of course). Therefore, when agreeing to assume a liability, the borrower’s spouse can usually rest assured he or she will not be held responsible if the borrower is unable to meet his or her obligations.

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Topics: Financial Planning

When Students Go Off to College: Financial Planning for Empty Nesters

Posted by Keven DuComb, JD, MBA

September 10, 2019 at 10:00 AM

Go ahead and pat yourself on the back! It’s September, and chances are a few more students just headed off to campus, supported by the college savings you helped their parents grow. The transition is a big one for everyone involved. As young adults, students are facing new financial responsibilities. And parents are figuring out how to adapt to their child’s (or children’s) new independence, while keeping the family on a steady course financially.

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Topics: Financial Planning

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