A Woman's View from the Street 9/9/20

Happy Wednesday!
Mark your calendars for this Thursday – we have Kirk Sims, who runs the Emerging Manager portfolio for Texas Teachers, interviewing Danielle DiMartino Booth. Kirk will focus the conversation on navigating these markets from an institutional investor’s perspective. Please note that for our event and year-long sponsors, we will be hosting a series of private happy hours with our speakers over the next 60 days, and it is not too late to attend as a sponsor! Consider it the ultimate insider access!
We have broken the event into 2 separate sessions on different days, and you are welcome to attend one or both events. More information on the events may be found here. As always, this event is our biggest fundraiser for the Young Women’s Preparatory Network and we have moved our usual silent auction to Rally Up this year. We have some wonderful items and of course the proceeds go to benefit YWPN. The link to the auction items can he found here.
A recent Forbes article notes that post-pandemic, 61% of women are planning a career shift with ¼ of those looking to start their own firms. We all know that working from home has been harder on women, but it seems the crisis may be a catalyst for positive change. The full article can be found here.
Forbes also published its list of the richest women in America as a subset of the Forbes 400 list. While women only account for 56 out of the 400, the good news is that the women are wealthier than ever. While only 11 women on the list are self-made, the other women on the list are part of the greater trend that will skew more wealth in the hands of women, namely divorce or inheritance. The list may be found here.
Finally, a recent Bloomberg notes that financial advisors give worse advice to their female clients, a trend that could come back to haunt the industry as the great wealth transfer gets underway. It seems that financial advisors see female clients as less financially literate than men, opening the door to pushing riskier and higher commission investments. The full article can be found here.
I would ask each of you to consider corporate sponsorship of TXWSW. Benefits include attendance at our flagship events and recognition for your firm.  And most importantly, you help us support the life-changing work of the Young Women’s Preparatory Network. To learn more about YWPN, you can find a short video here. To learn more and sponsorship, you may find our sponsor information here. Additionally, we would be happy to create a custom sponsorship for you. Please contact Bianca King at developmentdirector@txwsw.com
Kind regards
Christine

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