The American College Center for Women in Financial Services

Did you know that women are more likely to have strong knowledge about living longer than men? Surprisingly, 43% of women demonstrate good longevity literacy compared to only 32% of men.

What strategies are you using to ensure your partnered clients have enough money to last for the partner who has a longer life expectancy?

Military Appreciation Month comes to a close next week and families will honor military service men and women who paid the ultimate price on Memorial Day. In supporting military families, concerted efforts to improve the financial well-being of US military veterans have been successful. While this improvement is worth celebrating, it is noted that female veterans experience 25% higher financial stress than male veterans.

What can we do to better serve those who have served this country?

According to research published in 2021 by the American Association of University Women (www.aauw.org), women with bachelor’s degrees graduate with more student loan debt than their male peers. The gap only increases with the compounded interest over the two additional years it takes women to pay off their debt.

What strategies and/or advice do you use when working with clients with student loan debt?

For all the parents out there who feel like their kids aren’t listening, there’s good news…they are! But 73% of teens also stated they want to learn more. So, as we approach the end of , here’s a call to our financial advisers and planners. Let’s make financial planning a family affair — bring the next generation into the conversation, help close the financial literacy gap, and build a smarter, stronger generation to come.

Proud to announce The American College Center for Women in Financial Services was recognized as "Women’s History Month Organization of the Year" by Wealth Solutions Report for promoting women’s advancement in financial services through education, research and awareness!

Learn more and check out all the finalists here: https://bit.ly/3Zlp7z6

WSR Pathfinder Awards – Top Women Industry Leaders Of 2023 Janeesa Hollingshead, Executive Editor, Wealth Solutions Report WSR Continues 2023 Pathfinders Series By Honoring Outstanding Women Executives, Professionals And An Organization For Women’s History Month For the second year, WSR is celebrating Women’s History Month by honoring top women executiv...

Who runs the world…👯! Almost all women are involved in financial decisions. In fact, 41% of women make financial decisions alone, independent of their marital status. As we close out , what will you do to continue to serve women throughout the year?

When it comes to championing gender parity at your firm, change really starts from the top. In U.S. financial services firms, for every woman added to a c-suite position, three more women were added to senior leadership roles. For we’ll be diving into Why, How and Why Now of supporting the advancement of women in the financial services industry.

Mentoring programs are one of the top ways to increase diversity and inclusion. According to a study published by , over a five-year period mentoring programs increased non-white representation by as much as 24%, especially among women of color.

It’s not just a buzzword. Mentoring is proven to lead to higher job satisfaction, retention, promotions and raises. Want to become a mentor/mentee, or want to strengthen your mentoring relationship?

Check out our workbook from last year’s Summit:https://womenscenter.theamericancollege.edu/sites/womenscenter/files/WWiW_Program_Workbook_FINAL-web.pdf

Then, save your seat at this year’s Summit: https://web.cvent.com/event/04637eed-d518-42dc-9c78-dc7cdec53793/summary

Mentoring relationships don’t only benefit the mentee. In fact, mentors are more than 6x more likely to be promoted than their peers without mentors.

At last year’s Women Working in Wealth Summit we published a workbook on the impact of mentoring with tips on how to get the most out of the relationship. Check it out here:https://womenscenter.theamericancollege.edu/sites/womenscenter/files/WWiW_Program_Workbook_FINAL-web.pdf

’Tis the season! Americans are expected to spend a record-breaking $960 billion over the holidays. Inflation means funds aren’t going as far, and some 27% of shoppers are making up the difference by taking on debt for holiday purchases — a dangerous game with rising rates 💸

According to a recent report from Fidelity, younger women (defined as age 18 - 35) are starting to save for retirement earlier. On average, younger women open a retirement account at age 20, compared to age 27 for women 36 and older.