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Women & Their Wealth Presentation
- 1. What You Need to Know Presented by: Shawn Rutledge Investment Advisor 416.867.3550 [email_address]
Hinweis der Redaktion
- Thank you everyone for joining me today. I am Shawn Rutledge, an Investment Advisor at Nesbitt Burns Private Client Division, which is a part of the Bank of Montreal companies. I have been in the financial industry for almost 7 years now. I work with my clients to build DIRECTION, CONFIDENCE AND CAPABILITY , providing solutions to enhance returns, reduce taxes, and simplify their life .
- Now, why are we sitting here talking specifically about investing for the successful high net worth woman? Well, because based on these two statistics, women are becoming active participants in the financial industry and never been a more important time to understand your WEALTH STRATEGY .
- At first glance, it may be difficult to believe that women’s financial needs are all that different from men’s… However, while the general principals of financial planning are universal, women face unique challenges that amount to different financial needs…( DISCUSS ABOVE SLIDE ).
- So what are the consequences of these challenges? … (DISCUSS STATS) The statistics are STARTILING, but it is never too late to start taking control of your financial future.
- Each phase or “life stage” brings with it particular challenges and distinct differences. The MOTTO here is: Understand which life stage you are in…
- Young Canadian women are being encouraged to take a much more active role in investing . Over 54% report that they are interested in learning first-hand about financial planning.* So because of these reasons, let’s look at some financial planning priorities that are often neglected or overlooked. LifeStage 1 is the time to establish good money-management habits. Your basic approach during this period can set the pace for the rest of your life, so it’s important to start smart. There are dramatic, long-term benefits when you begin investing in your 20s.
- Women are constantly balancing a number of responsibilities which often include raising families, paying off mortgages, establishing careers and paying down student loan s. Even when employed, women are largely responsible for looking after their homes and families. This generation is often referred to as the “sandwich generation”. T his stage can be unpredictable , some of the concerns are: GO TO SLIDE In LifeStage 2, you may be earning more but you may also have bigger expenses; meaning that money management can be very challenging. It’s important to keep your objectives in focus and on track.
- After years of growth for your portfolio, LifeStage 3 is the time to begin reassessing your investment approach – and overall finances – with a view to preparing for upcoming retirement.
- Retirement-planning issues are the focus of LifeStage 4. If you haven’t done so recently, now is the time to take a close look at your retirement plans so that you can close any gaps between the retirement income you need and the one you can expect.
- In 1999, women made up 57% of all Canadians aged 65 and over. You live approximately 7 years longer than men do, and therefore many more of you will face widowhood. The death of one’s spouse can be devastating & can be economically vulnerable. The last thing of concern would be managing investment portfolios left to you by your husbands.
- While money may not know the difference between an X chromosome and a Y chromosome, some of my female clients can make the case that their needs are different and in order to give them the best financial advice that I can, I stick to some key things . DISCUSS SLIDE
- The HIGH NET WORTH WOMAN segment is growing in importance as investing shifts from a luxury to a necessary life skill. Planning is the starting point to this journey Thank you