Three Decades Of Change For Women Investors

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Miami advisor Linda Lubitz makes a point at our September 16 panel of top women advisors.

Have things really changed for women investors over the past three decades?

Absolutely, and for the better, said top women investment advisors invited to participate on our women’s panel at the September 16 Financial Planning Association event in Fort Lauderdale.

Panelists included Linda Lubitz Boone, CFP®,
President and Founder of the Lubitz Financial Group in Miami, Carolyn Lee, CFP®, Managing Director, Northern Trust Bank, Broward County, Kathleen McQuiggan, Pax World Senior Vice President, Global Women’s Strategies and  Managing Director, Pax Ellevate Management, and our special guest, Bobbie Schoem, female investor and investment advisory client. The panel was moderated by Mari Adam, CFP®, President and Founder of Adam Financial Associates, Inc., based in Boca Raton.

Thirty years ago women might have participated in investment discussions, but few took a leading role. Now, women are the key financial decision-makers in many families and often outearn their partners.

Women understand how important money is to their financial security, since women usually live longer than men, and need to make sure their money lasts as long as they do. And being solely responsible for their own, and their family’s, financial welfare as a result of divorce and widowhood has given women a real-life appreciation for how important it is to make informed spending, investment and retirement decisions.

When asked her advice for young women just starting out in life, Carolyn Lee urged them to start saving and investing as soon as possible, so they can use their long-term time horizon to their advantage. Linda Lubitz urged women to seize all the opportunities they’re offered to learn and grow in their careers and make good choices, adding that they all need to define success in their own personal way.

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Rachael Grattan and Stephanie Cooper, Client Service Associates at Adam Financial Associates, are both completing coursework toward the Certified Financial Planner designation.

Kathleen McQuiggan talked about the diversity that women bring to the corporate world by serving on boards and in top executive positions. Her company, Pax Ellevate, recently launched the Global Women’s Index Fund with Sallie Krawcheck, providing investors with a way to invest in a market index of the highest-rated companies in the world that advance women’s leadership. Bobbie Schoem described her  search for a female financial advisor who would listen to her, understand her needs, and provide thoughtful, expert and objective advice.

The evening event was kicked off by a special briefing by Kathleen McQuiggan of Pax Ellevate, who’s part of a top-level CFP® advisory board researching how to attract more women to financial planning and investment advisory careers. “This is a fabulous career for women,” agreed the panelists, “offering enormous flexibility, career growth, and work-life balance.”

There was a great turnout for the event, which struck a chord with female financial planners across the South Florida area.  The event ranked as the “best of the entire year,” according to several members. The program was hosted by the Financial Planning Association of South Florida with additional sponsorship from Financial Trust Asset Management of Boca Raton.

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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