Divorcees seeking security, not returns

APR 24, 2012
For Jennifer Failla, the key to working with female clients is looking beyond investment returns. Ms. Failla, principal of Failla Financial Management LLC, an independent advisory firm in Austin, Texas, that works only with divorcees, said that women consider finances only as part of a larger picture, so a more holistic approach is necessary. “Women aren't as concerned about portfolio returns, retirement income or asset allocation. That's not what stresses them out,” she said. “They're worried about making monthly expenses, credit and basic home needs.” Ms. Failla discovered this through reaching out to other professionals who work with divorced women, such as estate-planning attorneys, therapists and family attorneys. It was part of her homework. “We set up interviews with them to find out what was keeping their clients up at night,” she said. “We asked what they were seeing in the divorce arena and how they could add more value for clients.” To better connect with clients, Ms. Failla also rethought her approach to attire. “We took off our drab suits and started to dress more with our personality,” she said. — Jason Kephart

Latest News

Modera, Simplicity announce new acquisitions in busy day for industry M&A
Modera, Simplicity announce new acquisitions in busy day for industry M&A

Two RIAs expand their geographic footprints with deals in New York's Capital Region and coastal Alabama.

Advisor moves: Ameriprise, Prospera, Raymond James land teams with $920M in assets
Advisor moves: Ameriprise, Prospera, Raymond James land teams with $920M in assets

A 27-year Merrill veteran, Florida advisors, and a trio of New Jersey advisors just moved to new platforms.

LPL Research launches 17 model portfolios, hitting $100B in AUM
LPL Research launches 17 model portfolios, hitting $100B in AUM

Broker-dealer expands its model portfolio platform with modular building block strategies designed to give advisors greater customization at scale.

Wealth Enhancement adds $592M Chicago-area RIA
Wealth Enhancement adds $592M Chicago-area RIA

The mega-RIA with roughly $160 billion in client assets remains firmly in acquisition mode amid rumors of private equity giants vying to scoop it up.

Annuity sales hit a record as war and Fed jitters redraw fixed income
Annuity sales hit a record as war and Fed jitters redraw fixed income

Record annuity demand for principal protection collides with the most hawkish Fed dissent since 2016.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income