The drumbeat is growing louder and the message is clear: more women are needed in the world of wealth management. Despite modest gains over the last two decades, women are still sorely under-represented in the field; a recent Wall Street Journal article indicates that the percentage of female brokers hovers somewhere between 10% and 30%, […]
Value Added Assets – Women in Financial Management Read More »
With competition for seed money so cutthroat these days, raising capital is a difficult process for anyone working in this tough and volatile economy. Yet, studies show that gaining access to capital is much more challenging for women than it is for men. As a result, women are at a serious disadvantage when they are looking
Raising Seed Money Is Harder for Women Fund Managers Read More »
In 2009, Business Week published a piece about the low rate of female attendance at The World Economic Forum called: “Davos 2009: Where are the women?” Four years later, many people are still asking the same question. For the third year running The World Economic Forum (WEF) has had a mandatory quota system in place, insisting that large companies send
2012 was a brutal year for most hedge funds, but a recent report highlights one sector that was performing well above average: hedge funds owned or managed by women. These results from the second annual survey of Women in Alternative Investments by professional services firm Rothstein Kass had the financial services industry buzzing. According to the
Women in Alternative Investments – Outperforming the Industry Read More »
During my recent interview with the financial services pioneer Bridget Macaskill, one of the most compelling subjects we discussed was the difference between women and men investors. Back in 1992, Macaskill conducted a groundbreaking study on the habits of women investors and was surprised to find that the majority of women felt intimidated by the investment process,
Women and Money – How to Engage Women Investors Read More »
In PwC’s 15th Annual Global CEO Survey, the vast majority of the 1,258 CEOs who participated said that cultivating and managing talent is their top priority. Despite the downsizing taking place throughout numerous industries across the globe, “just 12% of CEOs say they’re finding it easier to hire people in their industries. These constraints are having quantifiable impacts on
The benefits of a high level of financial knowledge are undeniable. According to Annamaria Lusardi, an economics professor at Dartmouth, people who are financially literate, are “less likely to borrow at high costs, more likely to participate in financial markets, accumulate wealth, and plan for retirement.” Dr. Lusardi writes: “Financial literacy is an essential piece of knowledge that
Invest In Girls – Closing the Financial Literacy Gender Gap Read More »
Irene Dorner, the CEO of HSBC USA, and BlackRock CFO Ann Marie Petach were named the Most Powerful Women in Banking and in Finance, respectively, when American Banker revealed its 10th annual rankings on Monday. This list of financial services’ most powerful women is something to celebrate, yet it is also proof that our industry is far
The Most Powerful Women in Banking Pay it Forward Read More »
Pamela Joseph, Vice Chairman of Payment Services at U.S. Bancorp and #6 in American Banker‘s 2011 list of The 25 Most Powerful Women in Banking, is not only a leader in her industry and powerful advocate for women working in financial services, but also an inspiring philanthropist. Believing that more could be done to encourage women’s advancement in banking,
Women Leaders in Action: Pamela Joseph and The Power of Giving Back Read More »
In her recently released book The End of Men: And the Rise of Women, journalist Hanna Rosin argues that the changing nature of the economy favors women over men. With the disappearance of the manufacturing sector, the skills that are valued in the economy have, Rosin contends, permanently changed. The ability to sit still and focus, to work collaboratively, and
Contending with Wall Street's "Frat" Culture Read More »
