Women Deserve Financial Services That Serve Their Lifestyle

Women take on numerous roles in their life - career woman, mother, caretaker just to name a few. You take on the responsibility of taking care of yourself and everyone around you. And you do it so well, you make it look easy. But we could all use a little help sometimes. No one knows or cares more about your family's financial future than you. But you may not know exactly how to get there. 

You manage your family’s finances, and perhaps you’ve worked with an accountant or advisor in the past. The bank handles a lot of your finances. But you can’t help but feel like you could be doing more. You want someone who is going to understand your family's future goals and help you get there with a personalized plan. Not a generic “one size fits all” approach. Because you are more than a number. You and your family are unique and have your own goals and your own dreams. We want to help make them a reality. 

If you’re a female entrepreneur and you’re looking for ways to align your business and personal financial goals,
review our small business services.

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You Deserve To Be Involved In the Planning of Your Future

At Networth, we’ve worked with many female clients. And over the years have realized that women have unique financial concerns that deserve a personalized approach. As the primary caretakers in their family, a lot of the responsibility lies with women to make decisions around education funds, estate planning, maintaining a decent standard of living, or simply making sure you don’t outlive your savings.

Our approach is to listen and learn about your goals, and make personalized recommendations with you. We believe you are the best person to make financial decisions for your family. Therefore we don’t want to manage a portfolio on your behalf and check-in with you once a year.

We want a collaborative relationship where we work together. With your goals and our guidance we can make your dreams come true.

The Financial Services Industry Fails Women

The financial services industry has failed women for too long. We want to be a part of the change and help make recommendations while considering these factors:

Women are more likely to live longer

On average women live as much as 7 -10 years longer than men. A modest income of $45,000 a year is needed to cover these 7-10 more years; that is an additional $300,000 - $450,000 in assets required.

Women are more likely to suffer financially after a divorce or death of a spouse

According to data, women’s wealth drops by 50% after they experience a divorce or the loss of their partner. Consequently their standard of living drops 45% as a result. We work with you to adapt by helping you understand your balance sheet (assets and liabilities), examining what downsizing could look like, and re-evaluating your financial goals.

Women are more likely to take time away to raise their children

Unfortunately the motherhood penalty still exists. Many women who have had children have felt career consequences, and often women with the highest skill and experience levels suffer the greatest financial penalties.

Women are more likely to be responsible for the care of ageing parents

As parents age, women often become the informal caregiver at home. This impacts lifestyle as well as psychological distress. It can also affect a woman’s capability to have a full-time job, and often leaves them adjusting their lifestyle to accommodate a period of caregiving.

Women are more likely to earn less than men on average

This is no secret. Women have been earning less than their male counterparts for decades due to a series of reasons; inherent bias and inequality, child-rearing, occupational segregation, bias against working mothers, direct pay discrimination and access to education.

Women are more likely to save less for the future due to less income

For some women, this may be less of a priority. However, there are aspects we can consider such as; employer retirement savings, understanding government benefits, investing within your comfort level, and creating a Financial Road Map.

Women are more likely to become seriously ill or disabled

While this is an unfortunate reality, it is also something to consider when planning for the future. Statistically, disability is more prevalent among women than men by up to 20%. When planning for this risk, we consider this possibility for both genders. Often your employer will have a disability insurance section, but often it isn’t enough. Also if you’re self-employed this type of insurance becomes more essential.

What Can We Help You With?

Increasing numbers of women are pursuing careers, holding executive positions or owning their own business. However, successful careers may be interrupted due to child-rearing, death, failure of a business venture, divorce or relocation of a spouse.

Although there are many women in the workforce today, average wages for women are still lower than those of men, which may result in minimal savings and no pension plan.

We focus on working with you and providing you with all the necessary information to make the right decisions for you and your family.

Our areas of expertise include:

  • Proper insurance coverage and risk management 
  • Cash flow analysis and budgeting 
  • Debt management 
  • Asset management 
  • Investment returns 
  • Bond and stock valuation methods 
  • Investment theory and strategies 
  • Tax planning considerations and computations 
  • Estate planning 
  • Projections and recommendations
  • Implementing the plan 
  • Monitoring the plan

 

Managing Your Money Doesn't Have To Be Complicated

We take great pride in seeing our clients spending their time and money doing the things they love. When you have a plan, you can make decisions confidently, knowing that you're living your life intentionally.