Elevating Women in Family Wealth

7:00am – 9:30am

Group recreation activities (advanced registration required)

8:00am – 9:30am

Drop-In Breakfast

You are welcome to arrive early for a light drop-in continental breakfast outside of the Ballroom in the morning anytime between 8 and 9:30 am.

10:00am – 10:10am

Welcome Remarks

10:10am – 11:00am

A Look at Working Women in 2023

Working women face significant headwinds contributing to less women, especially women of color, in the c-suite. In this session we will focus on the factors you sometimes can’t see or control from 9-5: health and caregiving disparities at home.

Despite female salaries increasing, caregiving responsibilities are still widely considered women’s work. In fact, 2 out of every 3 caregivers in the United States are women. The pandemic exacerbated this by forcing even more women to choose between working and caring for their families. In 2022, women were five to eight times more likely to experience a caregiving impact on their employment. The pressure women face to balance caring for the health and wellbeing of their families is having an impact on mental health.

According to Deloitte’s most recent Women @Work 2023 Report, more than half of women rated their mental health as a top concern. In fact, 35% of respondents rate their mental well-being as poor/very poor and around half of respondents report that their stress levels are higher than a year ago. Within the last year, the number of women who feel comfortable talking about mental health in the workplace has dropped from 43% to 25% and pressure to be “always on” has dropped from 45% to 37%.

While progress has been made on gender equality, retaining women remains a challenge. Join us in this discussion on how a focus on disparities off the clock can help retain and elevate working women.  

11:00am – 11:50am

Nurturing the Next Generation of Female Advisors

Diverse leadership drives successful organizations. Businesses with more women in senior leadership positions experience greater productivity, higher profitability, and better company performance. Despite the numbers, according to The Family Wealth Alliance 2022 Talent and Compensation in Family Wealth Report, only 35% of the family office C-suite are female.

It’s no secret this industry has traditionally been dominated by men; however, the landscape is shifting. When it comes to looking towards the next generation of advisors, it will be important for firms to build and nurture an internal pipeline of diverse female leaders in their firms at every level. 

This session will discuss how wealth advisors have a unique opportunity to engage in mentoring and allyship to help support the growth and development of female advisors and promote diversity in the industry.

11:50am – 12:00pm

Break

12:00pm – 1:15pm

Peer Networking Lunch

1:15pm – 1:30pm

Alliance Updates

1:30pm – 2:20pm

The Psychology of Women and Money

Both psychologists and advisors agree that women and men respond to and act upon financial decisions differently. While women control a significant portion of wealth, they invest and prioritize financial goals differently than men.

This session will dive into research on what factors make up women’s approach to wealth and how psychological factors such as risk aversion, confidence, and societal expectations impact women's financial decision-making.

2:20pm – 3:10pm

Navigating Life Transitions: How Wealth Advisors Can Best Serve Female Clients

By 2030, more than two-thirds of wealth in the United States will be held by women. Women face different challenges and opportunities when it comes to financial planning, especially during life transitions such as marriage, divorce, becoming a widow, and others.

In this session, we will explore the specific financial concerns and considerations that arise during critical life transitions for female clients. We will discuss strategies that wealth advisors can implement to ensure that their female clients feel empowered, informed, and supported throughout these changes.

3:10pm – 3:25pm

Break

3:25pm – 4:15pm

Adapting Your Client Experience to Support Female Entrepreneurs, Investors, & Donors

Family offices specialize in complexity. The more generations, entities, and components a new client has the better because it almost guarantees you can deliver value. They’ve outgrown the ‘do it yourself’ option. But is your firm prepared to serve the complexities of female clients?

We’ve all seen the numbers and know investing in women is not a social plea – it’s good business. While there are still major disparities in the capital women have access to, they are still starting businesses as a rapid pace. A recent study showed that half of millennial women have gained their wealth through business, as opposed to inheriting it. In comparison, only 37% of baby boomer women gained their wealth through business.

For many women, linking purpose, values, and life goals with investing strategy is as important as investment performance. Women take a holistic approach to managing wealth, which includes their investment portfolio and philanthropy. As society’s caregivers, being socially responsible is second nature to women. They have a high propensity for risk, a preference for investing in systemic change, early experiences with philanthropy and are more likely to use impact investing to complement their charitable giving.

This session will explore the complexities and needs of a woman with significant wealth in today’s world. We will examine the unique challenges they face, what they are looking for in an advisor, and discuss how advisors can evolve their client experience to effectively serve women. 

4:15pm – 4:30pm

Closing Remarks