Women In Wealth Management

Mentally still not ready to lean into the holiday mood yet but we're having a Thanksgiving potluck at work tomorrow and that's definitely helping. I sure did wait till today to figure out what I'm bringing, and will only be going grocery shopping after work today :D Any cute Thanksgiving-related activities planned at your workplace? What are you most looking forward to for the holiday?

My manager asked me to figure out ways to leverage influencer marketing to help with client acquisition. I find it so challenging because I can't find any examples on the internet of how people have done it before! Are people on the bowl able to share either insights or examples you've come across of wealth mgmt firms using influencers?

As a WM associate, I've been working diligently, maybe too diligently, to build my client base over the past two years. I want to take my career to the next level and be more valuable to my firm. But my question is, is it more important to expand your network and have more clients or attract a few high-net-worth clients? I'm particularly interested in learning about innovative approaches to client acquisition that go beyond traditional referrals and cold calling, so please share what you know!

I'm asking because I have been in way too many roles where I have been expected to do roles that I didn't need to do. I thought it would be great to ask people on this bowl, who would be able to give me good insights, Are these considered typical responsibilities of a Wealth Management Associate?

Hey ladies! Would you be able to say that being a wealth manager has helped you a lot in the ways that you spend/analyze/manage your own finances? Comment with an example of how it has, or maybe even hasn't :D

Is it right or wrong for me to think that none of my clients have been super happy with me if they haven't referred me to any of their peers/friends? I believe that when new clients come from referrals, it’s a testament to client satisfaction and an advisor’s reputation. I'm feeling down on that front ... would love to hear other's opinions on this.

What does your typical work-outfit look like? I could really use some inspiration - been feeling bored and unenthusiastic at work and something is telling me it has to do with my daily fits. Share pictures or even just type out what you wear to work :)

Have you ever had clients who take a bit longer to be more comfortable talking about what they spend their money on? How do you get them to break out of their shells and realize that wealth advisors are only optimizing their financial plans, not scrutinizing their choices?

What's been the hardest part of your job for you? Mine is easily 'time management'. I'm so sick of work being on my mind all the time, and I'm desperate for a good demarcation between work and home hours. What tips do you have to offer about time management?

Any single women in this bowl? How is the dating life going for you? Mine's clearly not going well. Men seem to not be able to handle a fully independent and fairly wealthy woman. I went on a first date and I picked the spot (it was pretty upscale but I had no intentions of getting him to pay the bill). He arrived and just seemed so disturbed, kept looking around like he'd never been to a nice restaurant, and couldn't maintain eye contact. Where do women like us find men? Am I alone in feeling this way?

What does your typical fall work outfit look like? I'm finding it hard to dress professionally and still be comfortable.

What's the most expensive gift you've bought for yourself as a reward for killing it at work? No judgments, so let your guard down 😝

How do you manage to balance client meetings/ portfolio reviews, and stay updated on market trends? Also, how do you ensure high-quality client relationships? Do you speak to your clients on a daily/weekly basis?

My dream firm! If anyone works here, would you please be kind enough to tell me what the WLB and general culture here is? What could be the best way to get noticed by the hiring team?

Is there anyone on the bowl who's able to provide me with a more detailed explanation of how a 'family office' works? Have any of you managed wealth for an entire family? Would love it if you could share your experiences with it!

Hey! I'm a newbie in wealth management and as I look for jobs, I notice that most of them have the requirement for the candidate to have a book of high-net-worth clients. How do people with no prior experience have this? How can I overcome this and break through?

So many people think my job is meeting with rich clients and playing golf. That it's a sales relationship manager job. And most importantly, that I make 7 figures a year and have an amazing work-life balance. While none of this is true for me, it makes me wonder if am I the only one with the short end of the stick. Is this true for people on the bowl?

I see questions like this on so many forums and even get asked by people who approach me whether I'm worth hiring or not. Have you ever been asked the question? How have you answered?

Anyone on the bowl married and are making significantly more than your partner? Does it cause any ego problems in your partner at all? I've been noticing some friction because of the income differences and I'd love to know if this is common in couples... What are you doing to resolve it?

I feel really stuck in my career. I can't seem to get as many clients as I want in my solo practice. How can I leverage my network to attract new clients? What are you doing to keep new clients coming in?

What's a piece of advice you've given a client that you don't exactly follow yourself? :P And was there a good outcome from it? I love a good story so feel free to share even the most elaborate ones in the comments! :)

What's your go-to strategy for getting female clients to talk about money without making them want to run for the hills? Am I the only one who feels like I’m playing therapist half the time? 😂 Any tips to turn the 'money talk' into something a little less scary and a bit more fun?

How are you helping your clients navigate the falling trend? I'm still learning the ropes of being a financial advisor /asset manager and would love to hear from experienced people what they would come up with for their clients.