Each year Wealth Management Magazine selects the top 50 women in the wealth management industry. After serving as a Money Market Portfolio Manager and Financial Advisor, I know what women in the financial services industry have to contend with.
It's still very much a man's man's world out there, but women can excel especially in the financial advisory field where it is all about developing a personal rapport with your clients and providing exceptional service.
Although technically she is not a wealth manager, for the first time in US history we have a woman, Congresswoman Nancy Pelosi as the Speaker of the House of Representatives and she helps to make the laws that govern the financial services industry. Nancy Pelosi is perhaps the most powerful woman in the US and stands second in line as successor to President Obama.
Another woman who is charting her own path is Mary Schapiro, Chairman, Securities and Exchange Commission. Mary is the first woman to serve as the Chairman of the SEC. An attorney by training, she has also served as the chairperson and CEO of the Financial Industry Regulatory Authority aka FINRA (formerly National Association of Securities Dealers or NASD).
Included in the list below are women like Sallie Krawcheck President, Global Wealth and Investment Management, Bank of America who have broken through the glass ceiling on their own terms.
Also on the list are entrepreneurs Muriel Siebert, CEO, Muriel Siebert & Co., Inc. a trail-blazer in the wealth management field. Muriel has been described as the first woman of Finance. Muriel was the first woman to own a brokerage firm and hold a seat at the New York Stock ExEchange (NYSE). She established the firm in 1967 when she became the first woman member of the NYSE and transformed it into a discount brokerage house on May 1, 1975, the first day that NYSE members were permitted to negotiate commissions. Muriel Siebert and Co., Inc., is the only woman-owned NYSE brokerage firm with a national presence. Ms. Siebert continues to oversee the firm's day-to-day operations at its seven branches. The firm's municipal affiliate, Siebert Brandford Shank & Co., LLC, is ranked in the top 15 public finance firms in the country.
Top Women in Wealth 2010
Catherine Ayers-Rigsby, Managing Director, CFA, Ceros Financial Services, Inc.
Patricia Besser, Managing Director and Senior Wealth Advisor, U.S. Trust, Bank of America Private Wealth Management and Merrill Lynch Pierce Fenner & Smith Inc.
Phyllis C. Borzi, Assistant Secretary of Labor, Employee Benefits Security Administration
Patricia Brennan, President, Key Financial
Jessica Bibliowicz, Chairman, President, and CEO, National Financial Partners Corp.
Carrie Coghill-Kuntz, President, D. B. Root & Company
Gail Cohen, Vice Chairman and General Trust Counsel; Director, Fiduciary Trust Company International
Denise Voigt Crawford, Texas Securities Commissioner and President, North American Securities Administrators Association (NASAA), Texas State Securities Board
Marilyn Capelli Dimitroff, President, Capelli Financial Services, Inc.
Sheila McGinn Dorman, SVP, Chief Operating Officer, Northern Trust Securities Inc.
Coventry Edwards-Pitt, Managing Director, Ballentine Partners, LLC
Mary Callahan Erdoes, CEO, Asset Management, JP Morgan
Linda J. Fitz, Principal, Co-Founder, Aspiriant
Tamar Frankel, Professor of Law, Boston University School of Law
Sara Hamilton, Founder and CEO, FOX Family Office Exchange
Carla Harris, Managing Director, Morgan Stanley Investment Management
Mellody Hobson, President, Ariel Investments
Paula Hogan, Founder, Financial Advisor, Hogan Financial Management
Kim Ip, Chief Operating Officer, Luminous Capital
Elizabeth Jetton, Partner, RTD Financial Advisors, Inc.
Kristi Keuchler, President, Institute for Private Investors
Sallie Krawcheck, President, Global Wealth and Investment Management, Bank of America
Barbara Krumsiek, President and Chief Executive Officer, Calvert Group, Ltd.
Maria Elena Lagomasino, CEO, Gen Spring Family Offices
Diahann Lassus, Co-founder, President, Lassus Wherley & Associates
Diane Lob, Chairman, Private Client Investment Policy Group; Head; Wealth Management Group, Alliance Bernstein
Debby McWhinney, President, Personal Banking and Wealth Management, Citi
Doris Meister, Regional President, Tri-State Region, BNY Mellon Wealth Management
Olivia S. Mitchell, Chair, Department of Insurance & Risk Management, Wharton School, University of Pennsylvania
Kyra Morris, President, Morris Financial Concepts, Inc.
Sharmin Mossavar-Rahmani, Managing Director & Chief Investment Officer for Private Wealth Management, Goldman, Sachs & Co.
Susan Mucciarone, EVP; Senior Managing Director, Eastern Markets, Wells Fargo Family Wealth
Kathleen A. Murphy, President, Personal Investing, Fidelity Investments
Nancy Pelosi, Speaker of the House, Representative (D-California), U.S. House of Representatives
Rebecca Pomering, CEO, Moss Adams Wealth Advisors
Carmen M. Reinhart, Professor of Economics; Director of the Center for International Economics, University of Maryland
Rosanne Rogé, Managing Director, Client Services, R. W. Rogé & Co., Inc.
Mary Schapiro, Chairman, Securities and Exchange Commission
Suzanne F. Shank, President and CEO, Partner, Siebert, Brandford, Shank
Eileen Sharkey, President, Sharkey, Howes & Javer, Inc.
Muriel Siebert, CEO, Muriel Siebert & Co., Inc.
Cathy Simmons, Chief Compliance Officer, Legacy Wealth Management
Michelle Smith, Co-founder; Managing Director, Alexandra and James Co., LLC
Liz Ann Sonders, SVP; Chief Investment Strategist, Charles Schwab
Margaret Starner, Senior Vice President, Financial Planning, Raymond James & Associates
Elizabeth Warren, Leo Gottlieb Professor of Law, Harvard Law School; Chair Congressional Oversight Panel, TARP
Amy L. Webber, President and COO, Cambridge Investment Research, Inc.
Debra L. Wetherby, Principal, Wealth Manager, CEO, Wetherby Asset Management
Jane Williams, CEO, Sand Hill Global Advisors
Mary Zimmer, Head, Primary Advisor Services, RBC Wealth Management
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