In the world of money, when it comes to making decisions for high-net worth individuals, corporations, family offices, and other organizations, women account for a mere 21.9 % of leadership positions. If you’re looking to find women at the top of financial services firms, give yourself some time – in fact, in another 10 years, that number of women leaders will only slightly increase to just 31%.
The percentages shrink even further if you’re specifically looking for CEOs in finance (13%). And if you’re particularly looking for women of color in those positions, you may as well be searching for a needle in a haystack.
But like that needle, I’m one of the 21.9%, a Filipina American raised in Southern California. As a woman leader, I must constantly remind myself that I belong, and I have earned the right to be here. As a woman leader of color, I know what it feels like to be “othered” and in some cases even made to feel invisible in the board room.
I am constantly reminding myself that what I have to say matters. Compounded with what has been happening in our communities, I am reminded that a part of America still sees all Asian women as foreign, less than, insignificant.
So, as I think of the totality of what Asian Pacific American Heritage Month means to me, with respect to my career, my identity, my family, and my history, I am reflecting on the lessons that I will pass onto my kids. I still want my daughters, who are half Filipino, to break glass ceilings. I don’t even want them to know there’s glass there!
But on their way to wherever they’re going, I want them to be better prepared than I was as a young Asian American woman navigating a white, male-dominated world. My own mother couldn’t prepare me, try as she might. She had no lessons or words of wisdom to impart even if she wanted to. So, in honoring who we are as AAPI women, and the AAPI women my daughters will become one day, the lessons are these:
Michelle Marquez is managing director of Marquez Private Wealth Management of Raymond James.
Most firms place a limit on advisors’ sales of alternative investments to clients in the neighborhood of 10% a customer’s net worth.
Those jumping ship include women advisors and breakaways.
Firms in New York and Arizona are the latest additions to the mega-RIA.
The agent, Todd Bernstein, 67, has been charged with four counts of insurance fraud linked to allegedly switching clients from one set of annuities to another.
“While harm certainly occurred, it was not the cataclysmic harm that can justify a nearly half billion-dollar award to the State,” Justice Peter Moulton wrote, while Trump will face limits in his ability to do business in New York.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.