A passion for working with widows

Sep 4, 2011 @ 12:01 am

By Jeff Benjamin

Landing in Houston for a scheduled layover on a business trip in California on the morning of 9/11, Kathleen Rehl never imagined she wouldn't get there.

After the airport was evacuated, the owner of Rehl Financial Advisors spent the night in a Houston hotel, where she experienced a “major anxiety attack.” The next day, she drove back home to Tampa, Fla., leaving her checked-in luggage behind.

For Ms. Rehl, the tragedy of that day was a significant springboard to the transition that has her now almost exclusively committed to providing financial advice and guidance to widows.

“I started working with widows before 9/11, but now it's my whole passion,” she said. “It was after the events of 9/11 that I really started thinking about this.”

Inspired by her pastor husband, Tom, who died in 2007, Ms. Rehl had been specializing in serving members of the clergy prior to 9/11.

These days, with widows and single women now making up a growing portion of her client base, she is spending more time on speaking tours and writing about the unique financial needs of single women.

Last year, Ms. Rehl wrote the independently published book “Moving Forward on Your Own: A Financial Guidebook for Widows.”

“Most financial advisers don't realize or think about the fact that 70% of widows fire their adviser within the first year after their husband dies,” she said.

0
Comments

What do you think?

View comments

Recommended for you

Latest news & opinion

DOL fiduciary rule causing DC-plan record keepers to change business with insurance agents

Principal has communicated that independent agents must change their business models to keep receiving compensation.

DOL fiduciary rule opponents want to push implementation back until 2019

ICI, Chamber of Commerce among groups asking for delay, while Democratic lawmakers call on DOL to keep to its earlier planned schedule of Jan. 1, 2018.

Take 5: Vanguard's new CIO Greg Davis talks bonds, stocks and costs

Having just stepped into the role, this veteran of the firm now oversees $3.8 trillion in assets in more than 300 mutual funds and exchange-traded funds.

Tech companies deploy behavioral finance tools for advisers

They seek to turn knowing more about clients into growing more revenue.

Retirement planning for women

Longer lifespans and lower savings require creative income strategies.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print