3 lessons female advisers can learn from Lauren Bacall

The late actress's life can inspire ways to be successful in business.
AUG 17, 2014
Hollywood legend Lauren Bacall died last week at age 89. When I heard the news, I took a moment to remember her work on the screen, her life behind the scenes and how she had a profound impact on me as a young girl. I first heard about Lauren Bacall by watching the classic movie “To Have and Have Not.” She co-starred with the love of her life, Humphrey Bogart. But what really impressed me was a book she wrote that I read when I was 12 years old. It was about her experience meeting Mr. Bogart and falling in love. It also highlighted her strong will, fierce determination and desire to be in a relationship defined by more than a man. She was the first truly powerful woman I had ever encountered. As a young teen, I wanted to emulate her. I never met Ms. Bacall and didn't follow her later in her career. But I did learn some important lessons from her that have made me successful in the business world. Here are three lessons that can empower you too: 1. Use your voice. Ms. Bacall had a wonderfully raspy voice. By all accounts, she used it often and maintained a clear point of view. While some may label this trait in a woman as “opinionated,” it really is what all women need to do to get noticed and stand out in business. If you don't speak up, have an opinion and take a risk in sharing it, the chances of getting promoted into the C-suite or effecting change are slim. 2. Don't define yourself by one role. In an interview last Tuesday, Tom Brokaw, a personal friend of Ms. Bacall, mentioned how she struggled to get others to define her as more than the wife of Mr. Bogart. She wanted to be known as more than one-dimensional person who once was married to a Hollywood heartthrob. As women, we struggle to find time to be a wife, caregiver, friend, sister, daughter and professional. Similar to Ms. Bacall, it's important to embrace all the aspects of who you are as a woman. This will make you more effective at work and provide a great role model for the women climbing the ladder behind you. 3. Be disruptive. Every time Ms. Bacall walked on screen, she caused a stir. She had presence and grace; she made you take notice. To be effective in creating change in an industry, it's important to step outside your comfort zone, take risks and be disruptive from time to time. Otherwise, things will just stay the same. In a funny way, I will miss Lauren Bacall. She was a realist who was quoted as saying, “Here is a test to find out whether your mission in life is complete. If you're alive, it isn't.” So I will carry on the mission without her. Kathleen Burns Kingsbury is a wealth psychology expert, founder of KBK Wealth Connection and the author of several books including "How to Give Financial Advice to Women" and "How to Give Financial Advice to Couples."

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