Feb 4, 2021
Welcome to the Her Two Cents Podcast where your hosts Laura Webb and Faith Doyle come together as two female financial advisors with over 40 years of collective experience to provide a multigenerational perspective on all things money. Our goal is that through these conversations, we can normalize the way women talk about and view money. Why is it that Women are still such a minority in the world of Financial Advising? Women represent over 50% of the US population but today, we women only account for 17% of the financial advisors. This is true even though women control $14 Trillion in the US, as much as the combined GDP of China and India - that is not a small amount of money. It is expected that women could control $72 trillion of global wealth next year (32% of all wealth globally). A large percentage of women currently need financial advice and a large percentage of new wealth management clients will be female, yet many firms won’t be prepared for them because they don’t have any female financial advisors. Many people like to work with people that are like them, women are no exception, we like to work with other women. So why aren’t women flocking to become advisors? There are many misconnections as to what it takes to become a financial advisor, what they do on a weekly basis, and what skills they need.. But we are here to tell you that Women make great advisors. Listen as we talk with Kalita Blessing, CFP®, CAP®, AEP® Principal at Quest Capital Management in Dallas, TX and President of the Women’s Leadership Alliance, about what makes women successful in this industry and find out what it takes to be a financial advisor. Girl, you’ve got what it takes. To find out more about Kalita and the work she has done with WLA (Women’s Leadership Alliance), check out their website www.womensleadalliance.org and www.myadvisorpath.com to take the quiz to see if being a financial advisor is right for you. For reading suggestions check out: The Confidence Code -Katty Kay and Claire Shipman and Brave Not Perfect -Reshma Saujani