In the most recent episode of Zephyr's "Adjusted for Risk" podcast, host Ryan Nauman sat down with Leslie Thompson, a senior wealth advisor at Focus Partners Wealth, to discuss important transitions in the financial landscape, specifically the increasing role of women in wealth management. As women continue to gain control over the majority of financial assets, the episode delves into the implications for financial advisors and the unique perspectives women bring to the industry.

Empowering Women Investors

The podcast sheds light on the challenges women face in the investment world, notably starting their investment journeys later than men. Leslie attributes this to career breaks and the hurdle of re-entering the investment dialogue. Her advice to women is to build confidence, be educated on financial matters, and claim their space in financial discussions.

Leslie also emphasizes the importance of financial advisors in facilitating seamless transitions for women moving into financial control, suggesting that advisors engage both partners in financial conversations and adapt practices to suit client needs.

The Value of Education and Planning

An integral part of Leslie’s message is the power of education. She believes that financial literacy and a comprehensive planning approach are key to building confidence among women investors. Rather than focusing on technical terms, she suggests that financial advice should center around actionable plans that empower both men and women to reach a state of "work optional" — a phrase she prefers over "retirement."

Leslie also highlights the importance of trust and relationship building between advisors and clients, as well as the role of tax planning and forecasting in adding tangible value to clients' financial strategies.

Advice for Aspiring Financial Professionals

Reflecting on her own path, Leslie encourages women interested in entering the financial field to be lifelong learners and assures them that a finance degree is not a prerequisite. She underscores the significance of listening skills and the multifaceted nature of wealth management, which encompasses numerous roles beyond traditional advisory positions.

Conclusion

Leslie Thompson’s insights serve as a clarion call for more inclusive and supportive practices within the financial industry, fostering environments where diverse perspectives can thrive. Her work with women in transitional financial phases, such as divorce or widowhood, further highlights her dedication to equipping clients with the confidence and tools necessary for sustained financial health.

For those intrigued by Leslie's work, further information is available on the Focus Partners Wealth website. This episode of Zephyr's "Adjusted for Risk" podcast is a must-watch for anyone interested in the evolving dynamics of wealth management and the vital role of women within it.

Stay Connected

Listeners can explore more episodes on the Zephyr YouTube channel and Spotify. Don't forget to like, subscribe, and follow Zephyr on LinkedIn for more engaging content. You can also connect with Ryan Nauman on LinkedIn for more actionable research. Thank you for tuning in, and have a great rest of your week.