Results for "women and investing"

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What women want

August 9, 2009

Although women constitute a significant amount of global spending, many feel that they are underserved by businesses, particularly in the investment industry, according to a recently released survey from The Boston Consulting Group Inc. The...

Women take lead in cutting back on spending

July 28, 2009

Women are cutting back on discretionary expenses in this down economy more than men, according to a study released today. In fact, 86% of women were spending less on discretionary expenses — including eating out and buying clothes — compared...

Women sue BofA for alleged bias on bonuses

July 10, 2009

Bank of America finds itself back in hot water over retention bonuses at its recently acquired Merrill Lynch unit. This time the furor is being raised by female employees at the firm who claim they received much smaller bonus checks than their...

Blacks, Hispanics lag in 401(k) participation

July 7, 2009

African Americans and Hispanics are less prepared for retirement than their white and Asian counterparts, according to a survey released today. According to the Ariel Education Initiative study, which analyzed 401(k) data from almost 3 million...

Do you 'get' female investors?

June 21, 2009

For all the talk of advisers recognizing the importance of female investors, it still seems there's a way to go. Consider that an estimated 70% of married women fire their financial professional within a year of being widowed, according to research...

Widows' needs being ignored by advisers

June 21, 2009

The nearly 800,000 women who become widows each year share something beyond loss. About 44% say widowhood caused them to seek out financial guidance in a new way, and 70% of those using financial advisers said that they considered firing their...

Stock market 'busts'

April 26, 2009

In the midst of the economic downturn, a few women working in the financial services industry are taking advantage of some other assets to build their portfolios. The May issue of Playboy magazine features a six-page spread of scantily clad...

Minorities and middle market underserved niches

November 13, 2008

Agents and advisers are overlooking an opportunity for new life insurance sales: the middle market and minorities, said Catherine H .Smith, chief executive officer of U.S. insurance at ING North America Insurance Corp., in Atlanta. Speaking...

Brokers: Merrill’s retention packages discriminatory

October 29, 2008

Merrill Lynch & Co. Inc. has been accused of discriminating against African American and female brokers, a claim based on the retention bonus package that was announced to the firm’s brokers last Friday. In a lawsuit filed the same day in federal...

Sham B-D targeted Hispanics, SEC says

September 26, 2008

The SEC has charged a man for running a fraudulent unregistered day-trading firm and violating federal securities laws. The complaint, filed in United States District Court for the Southern District of Florida yesterday, accused Ricardo H. Goldman...

Wealthy wives want equal treatment from advisers

September 1, 2008

Married wealthy women want to be treated as equal partners in terms of financial decisions when they meet with financial advisers, according to a study from Mintel International Group Ltd. released exclusively to InvestmentNews. The data showed...

African-Americans, Hispanics struggle to maintain lifestyle

September 1, 2008

Remaining in the middle class has been especially tough for African-American and Hispanic families in this year's difficult economic times, according to financial advisers and a recent public-policy report. In measuring economic factors such...

Survey: Most women not very trusting of advisers

September 1, 2008

The good news is that women trust financial advisers more than automobile mechanics. The bad news is that they trust advisers less than insurance agents. On a scale of one to five, with a five representing the highest level of trust, women gave...

Morgan Stanley poaches American Indian wealth team

August 26, 2008

Morgan Stanley Private Wealth Management has poached a three-person team from fellow Wall Street firm Lehman Brothers Holdings Inc. to serve high-net-worth American Indian clients. The Lehman Brothers veterans, who will be based in Los Angeles,...

Women prevail in Smith Barney suit

August 14, 2008

A federal judge has approved Citigroup Inc.'s $33 million class action settlement with female brokers in its Smith Barney brokerage division. Judge Phyllis Hamilton of the U.S. District Court in San Francisco approved the settlement at a hearing...

Study: Women fear retirement more than men

July 23, 2008

Women have three major worries when they think about retirement: inflation, health and longevity, according to a study released yesterday by The Hartford (Conn.) Financial Services Group Inc. These worries keep women up at night more so than...

Diversity efforts bearing fruit, says SIFMA

November 14, 2007

Race and gender diversity at leading global financial firms has improved since early this decade, but has remained static for the past two years, a Securities Industry and Financial Markets Association report showed. The SIFMA 2007 Report on...

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