As women become more active in the financial industry, advisors have to be more aware of the differences between men and women and their perspectives on money.
Massey Quick, a multi-family investment office based in Morristown, N.J., has recently launched a financial network that specifically caters to women. The purpose of the Massey Quick Women’s Network is to create an outlet for women to comfortably discuss their financial concerns, decisions, investments, habits and financial attitudes.
"The Women's Network is really a result of our female clients wanting a place where they could speak openly about their financial future and concerns," said Lorraine Salvo, director and client advisor at Massey Quick. "It should be no surprise that over the years we have found that women have completely different attitudes towards money. But many are nervous or uncertain about what steps to take or questions to ask. It's our sincere hope that this group provides an environment of transparency and support."
The network will use group gatherings, presentations, cultural events and small intimate meetings to create a community where women can connect and build relationships with other professionals.
The group hosted its inaugural kickoff celebration for the network last month with a presentation from Eleanor Blayney, the consumer advocate for the Certified Financial Planner Board of Standards and author of Women’s Worth, a book about how women can make the most of their financial lives.