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A financial advisor is a professional who provides financial advice or services to clients, be it to individuals, organizations, or corporates regarding their financial position. In a lot of countries, one is usually required to undergo specialized training and be registered under a regulatory body in order to provide these financial services. Financial services can touch on areas that include tax planning, insurance planning, investment management, private wealth management, etc.
Here are some top women in the financial advisory industry who have been able to carve out their spaces within this sector.
1. Mellody Hobson
Mellody Hobson is an American businesswoman who is not only the co-CEO and President of Ariel Investments which is a mutual fund company & investment management firm based in Chicago, but she's also chairperson of the Board of Starbucks Corporation as well a Director of JPMorgan Chase.
Mellody believes in and heavily advocates for financial literacy among Black Americans. She does community outreach by serving in positions such as Chairperson of After School Matters, a non-profit that provides Chicago teens with high-quality, out-of-school time programs. She is also the chair of The Economic Club of Chicago’s board of directors, co-chair of the Lucas Museum of Narrative Art, a board member of The Chicago Public Education Fund and George Lucas Education Foundation. She is also a member of the American Academy of Arts and Sciences, The Rockefeller Foundation Board of Trustees, and serves on the executive committee of the Investment Company Institute’s board of governors
2. Suze Orman
Suze Orman is one of the experts in the financial advisory world who is among the highly recognized financial advisors in the US. She is among the #1 New York bestselling authors, specifically in the area of personal finance. Some of the books that she's written include: Women & Money, The 9 Steps to Financial Freedom, The Money Book for the Young, Fabulous and Broke among others. Currently, there are over 25 million copies of her books in circulation and they are available in 12 languages all over the world. For 13 years, she hosted The Suze Orman Show on CNBC. Suze also hosts her podcast by the name Women & Money where she empowers her listeners to take charge of their destiny through proper financial management in order to live a more fulfilled and meaningful life.
3. Denisse Arebalo
Denisse has been in the financial industry for 16 years. She has experience dealing with small businesses, startups, and individuals as they work to achieve their plans and goals. Due to her Hispanic roots, she is very passionate about bringing financial knowledge to under-served individuals and communities. With a degree in Economics from San Diego State University and a strong sense of family and community, Denisse aims to bridge the gap between sound financial decisions and personal fulfillment, allowing clients to make decisions and take actions they can truly feel good about.
4. Bola Sokunbi
Bola Sokunbi is a Certified Financial Education Instructor, best-selling author, financial expert, and CEO and & founder of Clever Girl Finance. As the recipient of the 2021 Financial Education Instructor of the Year (EEIY) Award from the National Council of Financial Educators, one of her goals is to help more women become financially accountable by teaching them how to save money, get over debt and build their own real wealth, in order to live lives that are financially fulfilling. Through her platform, Clever Girl Finance, she has managed to author three books that focus on investing, money management and business for women.
5. Karen McDonald
Karen McDonald is the current Director at Morgan Stanley Wealth Management. Combined, she has more than $91.5 billion in assets under management. With 27 years of experience under her belt, she's managed to specialize in areas such as portfolio management for individuals/ small businesses, financial planning, provision of educational seminars, portfolio management for businesses and pension consulting services. She has a team of 15 people who provide services to over 56,000 clients. In addition to being a financial advisor, she also puts a lot of focus on educating her team in order to enable them make higher monetary selections.
6. Gillian Yu
Gillian Yu is a Private Wealth Advisor & Manager whose main focus is to provide wealth management services to high net individuals and families who live across the border, specifically in Asia or the United States or a combination of both. These wealth management strategies and solutions are custom made for her clients so that they're able to achieve their financial and philanthropic goals.
Since 2001, she has been ranked among the top 20 of Barron’s Top 100 Women Financial Advisors. In 2017, 2019 and 2020 Gillian was also ranked by Forbes as one of the top 200 America’s Women Financial Advisors.
7. Patrice Washington
Patrice Washington is a financial finance expert who coaches women living in their purpose to find fulfillment, earn a good income while at it, and redefine the meaning of wealth to themselves. She's also a speaker and a number one best-selling author. From 2014, she has been the personal finance expert of Steve Harvey’s radio and television shows. She has also made appearances in popular media outlets such as Dr. Oz and Fox & Friends.
8. Kimberlee Orth
Kimberlee Orth is a Certified Financial Planner practitioner as well as a Private Wealth Advisor under Ameriprise Financial Services, LLC. Backed by a team of 18 members, they collectively manage $3 billion in assets for 1,089 households. Kimberlee's career spans over 33 years and in 2021, she was named a Barron's Hall of Fame Advisor.
9. Dominique Broadway
Dominique Broadway is a Millennial Personal Finance Expert who is also an award-winning personality. She aims to educate and assist people attain their financial goals. This desire stemmed from a place where she realized that advice related to money and finances should be available and accessible to anyone who desires to get it and at an affordable rate.
10. Farnoosh Torabi
Farnoosh Torabi an award-winning financial expert who is also the host of the So Money podcast where candid conversations around money are had. On the podcast, her guests share about the financial struggles and success that they've gone through in order to inspire, encourage and motivate others who are on the same financial journey.
10. Marsha Barnes
Marsha Barnes is a Certified Financial Therapist and also a Financial Social Worker who is of the school of thought that financial wellness is not a luxury that should be enjoyed by a select few, but a resource that should be accessible to all people who are interested in elevating their personal finances and financial status.
Bay Street Capital Holdings
Bay Street Capital Holdings is an independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. They manage portfolios with the goal of maintaining and increasing total assets and income with a high priority on managing total risk and volatility. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.
Our founder, William Huston founded Bay Street after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2021. In California, only two black-owned firms out of nineteen firms received this recognition. In Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street was selected as a finalist out of over 900 firms across the US in the category of Asset Manager for Corporate Social Responsibility (CSR).
References
https://smartasset.com/financial-advisor/what-do-financial-advisors-do
https://www.rockefellerfoundation.org/profile/mellody-hobson/
https://www.suzeorman.com/podcast
https://www.barrons.com/advisor/report/top-financial-advisors/women
https://money.usnews.com/financial-advisors/advisor/karen-mcdonald-1000190
https://theentrepreneurfund.com/6-famous-female-financial-advisors/
https://www.clevergirlfinance.com/
