Lucy Shair only operated her financial advisory firm for a few months, dying at age 43 before she could fulfill her career vision.
Her professional legacy is to enable others to fulfill theirs.
The new Lucy Shair Foundation for Women in Finance was created by her friends and family to award one $5,000 grant annually to help a new woman financial adviser launch her own firm. Oct. 15 is the deadline to apply for the first grant.
Shair, a resident of Grand Rapids, Michigan, founded her firm in 2018, after seemingly recovering from a bout with cancer. But just as her practice was gaining momentum, the cancer came back. She died on Jan. 6, 2021.
The grant is intended to offset the costs of launching a practice, such as fees, licensure, training and building an initial clientele. To be considered, applicants need only be on their way to becoming an adviser; they do not have to have already earned their licenses or have opened their practice.
Women continue to be underrepresented in the financial advisory and investment sphere, comprising about 34% of industry employees and about 16% of brokers and advisers.
Two RIAs expand their geographic footprints with deals in New York's Capital Region and coastal Alabama.
A 27-year Merrill veteran, Florida advisors, and a trio of New Jersey advisors just moved to new platforms.
Broker-dealer expands its model portfolio platform with modular building block strategies designed to give advisors greater customization at scale.
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.
Record annuity demand for principal protection collides with the most hawkish Fed dissent since 2016.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
