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☆ The 'feminization of wealth' is coming as the boomer wealth transfer boosts the economic power of women
▼ + stars: | 2024-03-16 | by ( Aruni Soni | ) www.businessinsider.com time to read: +4 min

Of all the ways the baby boomer wealth transfer is expected to reshape everything from housing to the stock market, it could have another big impact: making women a lot wealthier. According to Ellevest, which focuses on wealth management and financial planning for women, a lot of it is going to be inherited by women in a shift the firm is calling the "feminization of wealth." For one, as women live longer than men, there's a shuffling of wealth from boomer husbands to their wives. In total, about $84 trillion is expected to be passed down to younger generations in the Great Wealth Transfer by 2045. As women control more wealth, those corners of the economy will adapt to their needs.

Persons: —, Sallie Krawcheck, Krawcheck, Tracy Bell, Bell, It's, Gen Organizations: Service, Boomers, Business, Bank of America, Contemporary, First Horizon, Bank of America Private Bank Locations: America

☆ Ellevest CEO: It won't be too many years before women have the majority of the wealth in the U.S.
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEllevest CEO: It won't be too many years before women have the majority of the wealth in the U.S.Ellevest CEO Sallie Krawcheck joins 'Squawk on the Street' to discuss the 'feminization of wealth,' how Ellevest advises women, and more.

Persons: Sallie Krawcheck, Ellevest Locations: U.S

☆ Millennial women are about to get richer, report finds
▼ + stars: | 2024-03-04 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

With the expected financial windfall, many women said they are becoming more financially confident and planning to invest. Women are set to inherit more wealth over timeAs more women accrue generational and independent wealth, Ellevest researchers expect the gender wealth gap will shrink. AdvertisementThe gender pay gap refers to the amount of money men and women make, while the wealth gap is the discrepancy between what men and women own. The gender wealth gap won't close completely, but the change is likely to lead to more women investors and business leaders. Women invest more in philanthropy and climate causesWomen are likely to invest in other women, hire other women, and pay women high salaries, the survey said.

Persons: —, We've, Ellevest, allisonkelly@insider.com Organizations: Service, Business

☆ 3 mistakes to avoid in a divorce, from a money expert who ended a marriage in her 20s
▼ + stars: | 2024-01-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

At the time, Krawcheck says she was "pretty much on her own" to learn how to manage her money as a newly single woman. Her divorce attorney didn't have financial expertise to help her, but the financial advisors she talked to didn't have the divorce expertise she needed. Though it happened several decades ago, some of the challenges she faced going through her divorce as a woman continue to exist today. Here are three mistakes Krawcheck recommends avoiding if you could be facing a divorce in the future. Otherwise, you may arrive at separation proceedings unaware that there are assets you're entitled to or assets of your own that your soon-to-be ex is eyeing.

Persons: Sallie Krawcheck, Krawcheck, didn't, hasn't Organizations: CNBC, Harris, UBS Locations: U.S

☆ A major CEO backer of the remote office model concedes one big work from home failure
▼ + stars: | 2023-12-03 | by ( Deborah Kong | ) www.cnbc.com time to read: +4 min

Sallie Krawcheck, CEO of Ellevest, an investment and financial literacy platform for women, has been a vocal advocate for remote work. The various benefits — lower fixed costs, a larger talent pool, and added flexibility for women and under-represented groups — factor into why Ellevest has remained fully remote since the pandemic. Not many people do it, and you can't run into each other at the coffee machine when you're on Zoom," Krawcheck said. Goldman Sachs CEO David Solomon has referred to remote work as "an aberration." Meta , which vocally embraced fully remote work, now has many employees back three days a week.

Persons: It's, Sallie Krawcheck, Ellevest, Krawcheck, Merrill Lynch, Jamie Dimon, Dimon, Goldman Sachs, David Solomon, Sam Altman, Nicholas Bloom, Covid, Bloom Organizations: Amazon, Google, CNBC Workforce, Citigroup, Wall, Cisco, Microsoft, Stanford Locations: New York City

☆ 'Women's No. 1 source of stress is money,' expert says. Fixing that requires a step-by-step approach
▼ + stars: | 2023-11-29 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

While men are most commonly say they are "hopeful" when it comes to money, women's number one word for their financial feelings was "stress," according to a 2023 Fidelity Investments survey. 1 source of stress is money," Sallie Krawcheck, CEO of Ellevest, an online investing platform for women, told CNBC in a recent interview. watch nowThere are a reasons why women's financial concerns are more acute. Consequently, women's top goal is to shore up the wealth they're lacking, while their second priority is taking care of their families, she said. A step-by-step approach works bests, according to Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York.

Persons: Sallie Krawcheck, Krawcheck, Cary Carbonaro, Carbonaro, Stacy Francis, Francis Organizations: Fidelity Investments, CNBC, ACM Wealth, Francis Financial, CNBC's FA Locations: New York, CNBC's

☆ Sallie Says: Leadership, Decision Making and Tough Conversations
▼ + stars: | 2023-11-20 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Sallie Krawcheck rose through the ranks at legendary Wall Street firms like Sanford Bernstein, Citigroup and Bank of America, to her current post as CEO of Ellevest. With a sharp eye for the markets and a knack for leading teams Krawcheck shares insights on headcount, maximizing resources, return-to-office strategy and what she expects her C-Suite to deliver following tough conversations.

Persons: Sallie Krawcheck, Sanford Bernstein Organizations: Wall, Citigroup, Bank of America

☆ Ellevest's Sallie Krawcheck explains the factors impacting women's financial health
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEllevest's Sallie Krawcheck explains the factors impacting women's financial healthSallie Krawcheck, Ellevest co-founder and CEO, joins 'Squawk Box' to discuss the latest update to its Women's Financial Health Index, which is designed to give a detailed view of how women are being impacted by the economic and political landscape.

Persons: Sallie Krawcheck, Ellevest

☆ CEOs thought the return to office debate was over. It looks like they were wrong
▼ + stars: | 2023-05-13 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Other companies, too, could see reverberations if they enact similar policies, especially if the mandates feel arbitrary, human resources professionals say. That's why companies that want to bring workers back to the office need to focus on reconfiguring workspaces to foster additional collaboration. If your company hasn't yet, maybe don't 'mandate'Many companies are still ironing out their return-to-office policies. JustAnswer, an online source for professional information, has seen a 49% increase in questions related to return-to-office mandates and/or policies in its Employment Law category compared with May 2022. Companies should also evaluate whether across-the-board policies make sense, or whether in-office mandates should be implemented for certain functions only, Kogut said.

☆ CEO who manages $1.5 billion in assets shares her No. 1 investment tip for women: ‘Just do it’
▼ + stars: | 2023-05-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Sallie Krawcheck's biggest piece of advice for women investors is simple: Invest some money. After Wall Street CEO and CFO jobs at places like Citibank and Smith Barney, Krawcheck co-founded Ellevest, a digital investment and wealth management platform, in 2014. One in 10 women say they don't fully understand investing, and only about 28% feel confident investing, the BNY Mellon report noted. "Women will not invest if they don't understand, [but] men will invest anyway." That trend is good news for a platform like Ellevest, which has raised $144 million in funding since launching and manages more than $1.5 billion in assets from women investors.

☆ Sallie Krawcheck says a single decision was almost ‘the end of my career’—instead it launched her to Wall Street stardom
▼ + stars: | 2023-05-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

Sallie Krawcheck's legendary Wall Street career almost ended soon after it began. The move was slammed by her Wall Street peers. On Wall Street, the consensus is often seen as the safest bet. You were among the first female CEOs on Wall Street. The upside to running one of these storied Wall Street firms is [that] I'm going to get to turn it around, I'm going to learn a tremendous amount, I'm going to do something no one else has done.

In this article CTRN Follow your favorite stocks CREATE FREE ACCOUNTCommuters exit a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, US. Yet, even as layoffs in tech and beyond mount, employees are pushing back against leaders who issue return-to-office mandates. Companies that look to recreate a pre-pandemic way of working are going to be left behind when it comes to keeping and attracting the best talent. At the CFO meeting, she told a majority male group of finance leaders to look around the room. And believe me, if being in the office was going to work to get more women and people of color promoted, it would have happened already.

Michael M. Santiago | Getty ImagesThere's one group of people that's being disproportionality hurt by high inflation: women. First, a jump in child care prices has started to pressure women out of the workforce. Child care inflation, which has increased 214% from 1990 to 2022, has outpaced average family income gains, which have risen 143%. Surprisingly, over 50% of parents spend over 20% of their income on child care in the US." Women and minorities are underrepresented in higher-wage industries, such as technology or finance, that are more insulated from inflation pressures, Gosai noted.

☆ Why so many banks seem to fail on Fridays
▼ + stars: | 2023-03-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

That’s because when banks fail, they have a tendency to do so on Friday. Friday, March 10, 2023: Silicon Valley Bank seized by regulators, the second biggest bank failure in US history. “That was very unusual.”Similarly, Silicon Valley Bank’s unraveling happened at a head-spinning pace nearly three weeks ago. Skinny cansAnyone else notice how skinny cans are these days? My colleague Nathaniel Meyersohn, a reporter with an eagle eye for retail trends, explains that skinny cans are, in fact, in.

☆ A man's world: gender parity will take more than five generations
▼ + stars: | 2023-03-08 | by ( Joice Alves | ) www.reuters.com time to read: +6 min

The analyses of the data in the WEF's Global Gender Gap report takes into consideration gender disparity in economic opportunities, education, political empowerment, health and safety. The BofA data shows that U.S. companies with greater gender diversity have offered a median 20% higher return on equity since 2005 than those who lack it. According to consultancy firm EY, almost half of European financial services investors state that gender diversity in the boardroom significantly influences their decision to invest in a company. For senior executive roles, gender parity still looks out of reach. U.S. companies focused on gender diversity on boards and senior executive level have achieved 43% lower earnings risk in subsequent three years than those who lack such diversity, BofA said, citing its own analysis.

☆ Tech's ultimate nepo babies: Meet the Drapers, the first family of Silicon Valley
▼ + stars: | 2023-01-23 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +10 min

The billionaire Tim Draper is part of a lineage often lauded as Silicon Valley's premier VC family. As far as powerful professional networks go, it's hard to top the Draper family tree. Draper's venture-capital career began in the 1950s at his father's own trailblazing firm, Draper, Gaither, and Anderson, an early entrant in a new field. Meet the Draper family, the ultimate tech nepo babies and Silicon Valley royalty. Jesse DraperJesse Draper founded Halogen Ventures, which counts her father as an advisor.

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☆ A top money coach explains how women can feel more confident when doing business and salary negotiations
▼ + stars: | 2022-12-24 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

Lawrence, the former head money coach at investment startup Ellevest, shared her negotiation tips. That translates to 11 fewer years of compensation growth and wealth building, despite women having longer life expectancies on average. Research the company you're applying toA preliminary step in any negotiation is arming yourself with information, Lawrence said. Job candidates should use websites like LinkedIn and Glassdoor get a sense of the base salary for the job they're applying to. For people in the startup world or at a company that is publicly traded, equity compensation is more common.

☆ I talked to over 100 women leaders—the top 3 things I learned about what makes them successful
▼ + stars: | 2022-10-10 | by ( Julia Boorstin | ) www.cnbc.com time to read: +4 min

The 120-plus mix of CEOs, founders, and VC investors are — by definition — exceptional in the male-dominated business world. I wanted to both share their stories and also to find takeaways in their successful strategies. I also had a particular advantage as I scheduled back-to-back zoom interviews: pretty much everyone was at home. I was impressed to find these women deploying characteristics that would seem like they could detract from strong leadership — like introversion, empathy or gratitude — to their advantage. Take Jennifer Holmgren, the CEO of Disruptor 50 company LanzaTech, which uses a microbe to turn pollution into a fuel.

☆ Women are in tough financial shape right now, says Ellevest CEO Sallie Krawcheck
▼ + stars: | 2022-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWomen are in tough financial shape right now, says Ellevest CEO Sallie KrawcheckSallie Krawcheck, Ellevest co-founder and CEO, joins CNBC's 'Squawk Box' to break down the results from Ellevest's first Women's Financial Health Index and its second annual Financial Wellness Survey.

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If you don't need your stimulus check money now, you could consider investing some or all of it. You can choose to go through an online brokerage, automated investing app, or a financial advisor. You typically won't be able to buy options through an automated investment app, but most online brokerages offer them. You should only invest your stimulus check if you don't need the money right now. Rickie Houston is a wealth-building reporter at Personal Finance Insider who covers investing, brokerage, and wealth-building products.

It's important to make sure you can trust an investment app before you start using it. See Insider's guide to the best investment apps for beginners »Get the latest tips you need to manage your money — delivered to you biweekly. Before you start placing trades, you should have a sense of whether you can trust an investment app with your money. Here are more details on the warning signs to look out for when searching for an investment app. It's not transparent about how it makes moneyMost investment apps offer fee transparency and/or disclosures that detail where their compensation comes from.

☆ Finance CEO Sallie Krawcheck is so convinced you should 'buy the f---ing latte' that her company Ellevest now sells a $23 reusable cup that says it
▼ + stars: | 2019-07-24 | by ( Tanza Loudenback | Read More | Read Less | ) www.businessinsider.com time to read: +4 min

Former Wall Streeter Sallie Krawcheck railed against a common personal finance trope encouraging people to stop buying their morning coffee in an op-ed published by Fast Company in May. Krawcheck's company Ellevest, a digital investing platform for women, recently began selling a $23 ceramic cup emblazoned with the phrase "buy the f---ing latte" on its website. "You have our permission to drink whatever you like from this cup: latte, iced latte, unicorn latte, green tea matcha latte, chai tea latte, water, whiskey, feminist power. To drive the message home, Krawcheck's company Ellevest, a digital investing platform for women, has begun selling a cheeky coffee cup on its website, artfully emblazoned with the phrase "buy the f---ing latte." "You have our permission to drink whatever you like from this cup: latte, iced latte, unicorn latte, green tea matcha latte, chai tea latte, water, whiskey, feminist power.

☆ There's a simple rule to determine whether investing while paying off student loan debt is a smart move, according to the experts
▼ + stars: | 2019-04-21 | by ( Hillary Hoffower | Economics Correspondent | Millennial Wealth | ) www.businessinsider.com time to read: +3 min

download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyStudent loan debt is at an all-time high — the national total student debt is over $1.5 trillion and the average student loan debt per graduating student in 2018 who took out loans is $29,800, according to Student Loan Hero. So should millennials still invest while they have student loan debt — or should they pay it off first? Based on that, any student loan debt with interest higher than 7% should be paid off first, she said. Consider the economic climate and company-match programsWhether you invest while paying off student loan debt also depends on the climate in which you're investing, according to Virta. A company match means your company will match whatever contribution you put towards your 401(k) up to a certain amount.

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