One in five women say financial professionals don’t understand their needs, use jargon and hardcore
product sales which is part of the problem. 1
We have developed the tools to help women clients achieve their short term and long term financial goals. We help women clients by listening to their goals, by helping them organize their financial lives and giving them a financial and investment plan that puts them in control. We do all of this through providing a learning experience that help make women feel confident they are making the right decisions for themselves and their families.
Steps that we take to listen to our women clients:
- If a woman client is meeting with Windsor Wealth there will always be a woman from the group in the meeting
- We encourage women-only meetings
- We make it easy for women to ask questions to anyone on the team
- Since all of our investment strategies are goal-based we will listen to what our client’s priorities are based on a short-term and long-term basis.
- We want to know every detail of every general goal given to us so that we can add it and monitor it in the investment plan.
Steps that we take to help organize women’s financial and investment life:
The Family Wealth Planning document is the first step to organize your financial and investment life:
- This document has several sections of information to stay organized:
- Family Tree (for legacy and estate reasons)
- The Client Advisory Support Team
- Current Financial Goals & Concerns
- Cash Flow details
- Investment details
- Real Estate
- Legacy & Estate Planning documents and wishes
- Family Security
- Insurance Coverage
- Liability Management
This document acts as your financial and investment hub and is one document that can be updated at any given time and more importantly can be a guide to your family.
Another way we help you stay organized is by providing a folder with the following documents:
- The Family Wealth Planning document
- Your Financial Plan
- Your Retirement Savings strategy
- Your Education Savings strategy
- Life Insurance information and strategy
Women & Wealth Newsletters:
Women & Wealth January 2015 Newsletter: Should I pay off debt or put more money in my cash-emergency account?
Women & Wealth February 2015 Newsletter: How do you know that you’re saving enough for retirement?
Women & Wealth March 2015 Newsletter: Understanding Social Security
Women & Wealth April 2015 Newsletter: Understanding Medicare and Health Care
Women & Wealth June 2015 Newsletter: Women & Longevity
Women & Wealth July 2015 Newsletter: Taking care of an Aging Parent
Women & Wealth August 2015: Marriage & Money Management
Women & Wealth September 2015: Teaching your kids about money
Women & Wealth October 2015: What to do when you have a baby
Women & Wealth December 2015: Life After Divorce
Women & Wealth February 2016: Estate Planning for Blended Families
Women & Wealth March 2016: Death of a Spouse
- Fairley, Juliette. (2014, July 16). Number of Women Using Financial Advisors Is Declining. Retrieved from https://www.fa-mag.com/news/number-of-women-using-financial-advisors-is-declining-18618.html
- Prudential Research. (2010 July). Financial Experience & Behaviors Among Women. Retrieved from http://womenmoneyandsuccessmag.com/resources/statistics
- Hurwitz, Matt and Tonigan, Sarah. (2014, February 20). Conversations about personal finance more difficult than religion and politics, according to new Wells Fargo survey. Retrieved from http://womenmoneyandsuccessmag.com/resources/statistics
We also provide your plan and planning results online with a tool for you to use to generate your own scenarios. Online we also provide The Vault which is an electronic safety deposit box and can be used to store all of your important files online. The vault offers layers of digital security so that your documents are secure.
We provide an update on your Family Wealth Planning document as often as month, an update on the Goal Planning & Monitoring plan and an in person meeting either semi-annually or annually based on your preference.
Fewer than two in 10 women feel “very prepared” to make wise financial decision. Half indicate that they “need some help,” and one-third feel that they “need a lot of help.” 2
Steps that we take to help women feel confident about the financial decisions they make:
We are available to review and educate women on the following to be sure everything is in line with their goals:
- Life Insurance – death benefit and product type
- Homeowners and auto insurance
- Employer sponsored retirement plans
- Employer sponsored health benefits
- Estate planning strategies
- Beneficiary designations
- Cash flow; income and expenses
50% of women find it difficult talking with others about personal finances, versus also less confident about their investment knowledge. 3
Steps that we take to educate women about their finances and investments:
- We send monthly newsletters that are specific to women’s issues
- We have an educational event series for women
- We bring other advisors to the relationship that will be helpful to a women’s financial and investment life.
Women & Wealth April 2016: What to do when getting a new job
Women & Wealth April 2017: In-State or Out-of-State? What’s the difference?
Women & Wealth June 2017: What to ask a Financial Advisor during the first meeting?
Women & Wealth July 2017: Update on Social Security
Women & Wealth August 2017: What does Retirement look like to You?
Women & Wealth September 2017: Women & Long-Term Care, What do you need to know?
Women & Wealth December 2017: Six things College Students need to know
Women & Wealth January 2018: 2018 New Year’s Resolutions to keep this year
Women & Wealth February 2018: Interested in Supporting other Women in our Community?
Women & Wealth January 2019: Entrepreneurial Explosion
Women & Wealth May 2019: What are my best options for social security?