Moms are controlling the wallet in households with children, presenting planning opportunities — and challenges — for financial advisers.An analysis of 2011 U.S. Census Bureau data by Pew Research Center found that 40% of all households with children under 18 include mothers who are either the sole or primary breadwinner, up from 11% in 1960. There were two kinds of “working moms”: 5.1 million (37%) were married and earned more than their husband, while 8.6 million (63%) were single moms. Further, married moms also were more educated than their spouse, with 22.7% of
Read MoreSeptember 15, 2013
“This year, there’s an uptick in clients talking about … increasing their equity holdings. We go back to the basics of risk tolerance. We don’t just talk about returns; we talk about risk-adjusted returns.”
Read MoreAugust 3, 2013
“Sharon Appelman, director of financial planning and investment management at Francis Financial Inc., said both are equally qualified but she leans toward Ms. Yellen. ‘She’ll focus a little more on employment and growth rather than just keeping inflation down, What we need is steady growth.'”
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