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WealthHealthy Tell us about your business as a women's investment
counseling and education company. Amy Lampert The vision for WomensWorth grew out of my 20+ years on Wall Street in the personal wealth management channel. I saw how inappropriately those giving advice treated and communicated with women. And I saw major differences in the needs of people who "played" the stock market and those who were investing serious assets for retirement and future needs.
Amy Lampert The company was formed in 1998. I'm pleased to say that we are growing, including developing strategic alliances like the one we have with WealthHealthy.
Amy Lampert We work with all women who need and want our advice and counsel. Interestingly, it does turn out that many of our clients are "boomer" women in the "sandwich generation" -- responsible for not only aging parents, but for yet-to-be- college-educated children, not to mention their own retirement savings needs. Many companies and providers target what are referred to as "high net worth" or "ultra high net worth" audiences. WomensWorth clients often tell us that we were the only company that was willing to work with them because they are "middle market investors." Our fees are reasonable -- most work is done by hourly fees -- so we have a diversified client base, and that's how I like it! We also offer workshops that may be more affordable to some women.
Amy Lampert Empower and demystify.
Amy Lampert Lack of impulse and greed.
Amy Lampert I see three key pitfalls: 1) Understanding the cost/benefit of risk/reward; 2) buying into the notion that there is so much to know they must delegate decision making to an "expert;" and 3) glazing over when finances come up!
Amy Lampert Let me first make a distinction between trends and new products. There is a new "product" born every minute on Wall Street, all of them under the guise of increasing "accessibility" to the average investor. I don't think that is what you mean. As for meaningful trends in the way that individuals manage and thrive in their financial world, I do see a trend, which is driven by the web, of more do-it-yourselfers. However, this trend is a double-edged sword, with benefits and risks.
Amy Lampert WomensWorth has a website. It's at WomensWorth. Information can be requested by submitting an e-mail through the website or to alampert@womensworth.com. Please indicate whether you prefer to receive information electronically or by good old surface mail.
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