We recently gathered some friends and our pals Reed Robertson and Liz Thrash – fashion stylist extraordinaires at Highland Park Village – to talk about fall fashion trends and how to make money-smart decisions about your wardrobe. From outfits that help working moms transition from day to night and how to repurpose one piece for multiple settings, the focus was on how we can use fashion to express who we are. As Reed reminded the group, “You should feel like you’re investing in the right things that make you look good time after time, and those little tweaks that actually make the personal statement.”
We also discussed why it’s time for women to get more involved with their money and quite frankly with wealth management in general. Here are a few quick stats from a recent UBS report that we should all pay attention to:
- Women are on track to control $30T by 2030
- Nine in 10 women believe that being involved in long-term financial planning can enable them to make more of an impact
- However, half of married women leave investing and long-term financial decisions up to their spouse
BFS Advisory Group is passionate about the role that women need to play in their own financial decisions. For all people, the following is true:
Money = choice = power = opportunity
We asked our all-female audience to be advocates for women being knowledgeable and confident in their money decisions. While most women don’t seem to love talking about investments as much as we do, they do get excited about putting a purpose to their money – which is one of our ninja skills at BFS Advisory Group.
If you are like us and believe that it is time for more women to understand that active wealth management is a primary strategy to living a life with purpose, here are some more ideas that we also shared with our attendees:
- Be an example and therefore an advocate for women to understand and make decisions about their money.
- If you have friends or colleagues who want to learn about money, recommend that they join the Aspen Society, our LinkedIn group focused on financial wellness for women.
- If you know successful women in need of a financial advisor, consider referring us.
- If you know any young women who are considering wealth management as a career, or if you know experienced women considering a career change, ask them to contact us at firstname.lastname@example.org.
- If you are part of a group of females that needs to learn about money, give us a call. We are always happy to teach.
For more fashion and finance, check us out on Instagram:
BFS Advisory Group: @bfsadvisorygroup
Highland Park Village: @shophpvillage
Debra Brennan Tagg is a CERTIFIED FINANCIAL PLANNER™ Professional and the creator of the DBT360 Financial Plan, a proprietary program that helps her clients prioritize their goals, leverage their resources, and address their risks. She is the president of BFS Advisory Group and teaches the public and the financial services industry about the importance of values-based financial planning and investor education.