Women and Wealth, Planning for a Strong Financial Future with Jill Faherty Lloyd

Jill shares with us this week on the podcast how she is helping women realize their potential and plan for success. We also delve into the UBS Own Your Worth report on women as breadwinners.

Here are some key takeaways:

🔸 Back in 2015 Jill wrote a business plan about the great wealth transfer and pitched numerous banks about hiring her to launch a division specifically focused on women’s wealth - it took a few years - but UBS took note

🔸Only 15% of financial advisors are women - its a great career with flexibility - more women should look into it as a career path

🔸 Planning for exit is crucial. For most founders who exit well, this is transformational wealth. You earned it.  Protect it.

🔸 Jill has observed that when money is in the hands of women they do different things with it, they have different priorities than men

🔸 Women live longer than men, on average, five years, and wives on average, outlive their husbands 15 years due to the divorce rate.

🔸 Nine out of ten women are going to be solely responsible for managing their own wealth at some point in their life which is why it’s important for women to have a working knowledge of their finances and to invest

🔸 61% of women retire earlier than they plan

🔸 Women drive 85% of consumer purchasing decisions and make up 52% of the population

🔸  There are 3 buckets when it comes to planning - liquidity (working capital), lifetime, and legacy

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