Women Are ‘Claiming Their Power’ in Investment Clubs of Their Own

are among a growing number that have built websites and issued reports to try to attract female investors. They’re competing with women-focused investment houses like Ellevest, a platform that uses human advisers and roboadviser technology. What’s at stake, according to the Bank of Montreal, is an estimated $22 trillion in personal wealth that women in the United States control.

“As a lesbian, I constantly remind myself to claim a seat at a table that was not initially designed for me,” she said. “Finance is a male-dominated field, but saving for retirement is a must for everyone.” Gathering together matters because the topic is stressful. “Much of the tone and approach of experts, along with the financial news you read, tends to cause anxiety for people,” Ms. Glakas, 40, said. “We seek to create simplicity, clarity and give people control.”

Kamie Zaracki, 64, who recently retired as chief executive of BetterInvesting, a national organization with a network of clubs that educate people about investing in high-quality growth stocks, has been making retirement contributions since her 20s. Through February, Ms. Zaracki held a high percentage of equities in her retirement accounts, she said. Now, with the downturn, she and her adviser decided to sell some stocks so she could cover three years of living expenses.so strapped for time that they felt “more time-poor than financially poor” — and preferred to hire someone else to manage their money. But Ms. Zaracki said managing investments didn’t have to take a lot of time.

Ms. LaTourette has run up against some of the same obstacles to money management that other women have — even though she is a financial planner.

nytimes Great read👏

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