WOMEN

Whether you're a single woman or the CFO of your family, you deserve an environment that will encourage you to embrace your financial life before an unexpected event occurs.
I have greatly enjoyed helping my female clients design a plan that will safeguard their lifestyle and pursue their goals. As a result I have made helping them a focus in my practice.

Wealth Management for Women

Are you fully aware of your family’s finances or have you consistently deferred that responsibility to your husband or significant other? My wife and I split responsibilities and I know how easy it is to be blissfully ignorant to her side of our affairs.

Maybe you’ve tried but you been less than pleased with the manner in which your financial advisor has treated you? Perhaps in frustration and/or boredom you decided to just remove yourself from that picture altogether and just let your partner deal with it?

When it comes to your finances it is very important that you have an understanding of what is going on. I have seen too many cases in which the financial partner dies or becomes incapacitated and leaves a grieving spouse that doesn’t know who to trust or how to proceed.

Reduce Financial Anxiety

Eliminating anxiety around money starts with getting informed and choosing to take part in understanding the family finances. It’s what we do in the present that determines our future.

Maybe you’re transitioning into retirement or you are recently divorced or widowed and you don’t know where to begin? Or maybe you have simply come on your own to build your life and perhaps a business and now have the confidence and realize the need and desire to manage your financial well being.

Women today have control over more assets than men do primarily because they often live longer among other reasons. I recognize the woman sitting by “his” side should not be so perfunctorily dismissed and that it is time to pay her some attention. Studies have consistently concluded that women are better investors than men. They place more emphasis on planning and take fewer risks. Women recognize, it’s about more than money and investments. Yet, money and investments are all most financial advisors are really interested in.

Do you:

    Prefer a holistic approach to financial planning that ties all the pieces of our financial life together?

  • Want to learn and understand the details of your complex financial situation?
  • Want to make financial life simpler so you can continue to spend more time on the things you enjoy most?
  • See money as a way to have more freedom, independence and security?
  • Want to work with a professional who empowers you, does not talk down to you, and instead partners with you to make sound financial decisions?

As women, it’s important to not only be educated, but to also work with people who understand and respect you. I know how smart you are and how diligent you are in taking care of whatever comes your way. My wife is not only my best friend and love but also a saint – running a family, a career, a social calendar and keeping it all together. You work hard, you do what you can to ensure that all is taken care of, you do it well and with great consideration of others.

I will help you become aware of your options and guide you if you need it and help you take complete control of your finances and your future.

Case Study:  Kate


Situation
When I met Kate, she was having some issues paying her bills. Kate was 68, and taking care of her husband Ed who had contracted Alzheimer’s several years back. Ed had taken responsibility of the bills over the years and was incapable of teaching Kate how he had been managing their affairs in the past. Kate had never been taught about money and how to manage it.
Their broker was in New York and specialized in bringing investment ideas to his clients. Kate was not equipped to make decisions on his recommendations so he stopped calling and the portfolio sat dormant. They had always entrusted their CPA with matters but he was now half retired. He had suggested a “safe” portfolio of fixed income but the yields had been steadily declining over the past several years. She was told she should never invade principal so had been accruing credit card debt to make ends meet.
Process
Kate needed help and found me through her CPA. We started with a dialogue where I listened to her story and concerns. Kate had learned a lot of concepts over the past couple of years and had a lot of good ideas. I asked her to put products and strategies on hold until we better understood what was most important to her.
We discussed her values and goals and sorted through those issues with which she had the greatest control. Upon reflection we found that in addition to income needs she had a passion for her church, a desire to educate her grandchildren, and some estate planning considerations. We prioritized her objectives and developed each one in terms of being specific, measurable, achievable, relevant and time-driven. I took her financial data and goals and stress tested them both in light of what she desired and what she would accept.
Results
We discovered that Kate had the financial capacity to achieve most of her desired goals but we would have to restructure her portfolio to better align with her objectives. We kept a similar risk profile but placed a greater focus on total return and greater diversification.
After consultation with her CPA – a portion of her new income stream incorporated a more efficient use of gifting to her church and providing funding for an education trust for her grandchildren. We paid off her credit card and continue to monitor her plan both in light of investment performance and her current positioning on the roadmap we have created.
We additionally referred her to a dementia support group that is working with Ed to see if they can help improve or at least stabilize his quality of life.