ANZ’s Post

Immigrating from Colombia to the US, Prudential's John Proaño’s mom was determined to start a better life for her children, including their outlook on saving. Now, as a parent, John is focused on instilling an even deeper understanding of building a financial legacy for his children. This commitment extends to his role at Prudential, where his team empowers under-protected communities, like his Hispanic community, with financial literacy, both in the home and in their workplace. This is all in the pursuit of creating generational wealth. https://bit.ly/3Vy3pI3

Wealthy donors will pass a staggering eighteen trillion USD to beneficiaries by 2030. This massive shift in funds from baby boomers to younger generations poses a massive challenge to wealth and asset managers looking to build compelling value propositions for future donors and beneficiaries alike. It’s important to remember that many inheritors are currently unknown to wealth managers, and significantly more likely than donors to seek out (and switch to) new providers. That doesn’t mean that leaders will have to reinvent the wheel to avoid a major outflow of assets — a careful consideration of how to frame the inheritance narrative and empower the front office could help to stand out from the crowd. To learn more about managing the “great inheritance”, I recommend reading this strategic report by EY colleagues Olaf Toepfer and Urs Palmieri: https://lnkd.in/eAPXuKwC

💸 Hot off the press: our 2024 report, Beyond the Great Wealth Transfer, covers *exactly* how leaders in the financial services space can support the next generation of women with AND without wealth. Here's what Ron Draper, CEO of Somerville's Credit Union has to say about it: "The fact that women on average live longer than men, and combine that statistic with the fact they typically handle the household finances (as well as the finances of their elderly parents), well… That's enough of an incentive for most credit unions and bank leaders to not want to lose liquidity through wealth intermediation.” Check out the press release, below, to find out why executives like Ron, along with Melissa Pomeroy at Cooperative Credit Union Association, are spearheading the charge to create the most financially empowered generation of women in history. #coopdifference #pressrelease #industrynews #peoplehelpingpeople #empowerwomen #womeninfinance #investinwomen #femalefounder #businesswire #womenandwealth #greatwealthtransfer

The "Great Wealth Transfer" is coming. Are you prepared? If you haven't taken the time to build and foster a relationship with your female clients, or the children of your clients, studies will show, you are at risk of losing those assets to an advisor that has nurtured those relationships.

Leaving a legacy for those who matter most is one of the most emotional life goals Australians will ever work towards. Find out how Generation Life - Outthinking today. investment bonds can help your clients pass on their wealth their way. #wealthtransfer #estateplanning #legacy

Leaving a legacy for those who matter most is one of the most emotional life goals Australians will ever work towards. At Generation Life, we understand that legacy can mean many different things to many different people. It is not just a financial decision about what you leave behind, it is the footprint you’d like to be remembered for. Find out how our investment bonds can be a cost effective, tax-effective and convenient way to help your clients pass on their wealth to dependants and others, their way. Find out more: https://lnkd.in/gN2_keYu #GenerationLife #GenerationalWealth #EstatePlanning #InvestmentBonds #FinancialPlanning

Most women are stressed about money — even if they make a high salary. A new Fidelity Investments study found that overall, 57% of women are stressed about their finances, and 93% are stressed about managing their money. That high latter percentage held true no matter what income bracket women fell into — 93% of women who earn less than $50,000 are stressed about managing their money, 95% of women who earn between $50,000 and $100,000 are stressed, and 92% of women earning over $100,000 are stressed. In my latest #FinanciallySavvyFemale column, I chatted with Lorna Kapusta, head of women and engagement at Fidelity, about why high-earning women are stressed about money management and the proactive steps they can take to reduce this stress. (via GOBankingRates) #womenandmoney #financialplanning #moneymanagement

🔒 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐍𝐞𝐱𝐭 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐖𝐞𝐚𝐥𝐭𝐡 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫: 𝐀 𝐍𝐞𝐰 𝐏𝐚𝐫𝐚𝐝𝐢𝐠𝐦 🔒 In a thought-provoking piece on wealth succession planning, the recent JPMorgan survey sheds light on a vital aspect that resonates deeply with my own principles as an wealth manager. The notion of passing down wealth to the next generations not merely as an entitlement, but as a responsibility intertwined with knowledge, attitudes, skills, and habits (K.A.S.H), truly embodies the essence of creating enduring legacies. Our approach to estate planning should extend beyond mere financial transactions; it should be a journey of empowerment and growth for future heirs. Instead of focusing solely on equal distribution of wealth, we should emphasize equal opportunities for personal and financial development. Therefore, I envision a manifesto within your trust that prioritizes the transmission of K.A.S.H. This goes beyond the tangible assets, allowing beneficiaries to cultivate a mindset of stewardship and financial acuity. By incorporating educational components, structured scholarships, or a mentorship program akin to financial institutions, we can instill a sense of ownership and responsibility in managing inherited funds. This proactive approach not only equips the next generation with vital skills for wealth preservation and growth but also fosters a culture of gratitude and diligence. Through a lens of empowerment rather than entitlement, we can pave the way for a more sustainable transfer of wealth that transcends generations. Let us embark on a transformative journey of legacy-building, where K.A.S.H becomes the cornerstone of our estate planning strategy, ensuring that our wealth serves as a catalyst for personal and collective growth. #EstatePlanning #WealthTransfer #LegacyBuilding #Empowerment #FinancialAcuity Eric Tan Wealth Management Specialist IBF Advanced (Level 3) Source: https://lnkd.in/gcYfH6aj

Women, Wealth, and SIPs: A Path to Financial Empowerment In a world where financial literacy and independence are crucial for women, Systematic Investment Plans (SIPs) have emerged as a powerful tool for securing a brighter future. Let's dive into the compelling benefits of SIPs and how they can empower women to achieve their financial goals. 📈 1. Accessibility and Affordability: SIPs break down the barriers to entry, allowing women to start investing with small, regular contributions, making it accessible even with limited financial resources. This empowers women to take control of their financial future, even in the early stages of their careers or during periods of transition. 💸 2. Discipline and Consistency: The automated nature of SIPs instills discipline and consistency in saving and investing habits. This helps women develop a long-term investment mindset, ensuring their money works for them over time, even in the face of fluctuating market conditions. 📈 3. Power of Compounding: The magic of compounding allows even small investments to grow exponentially over time. With SIPs, every contribution earns returns, which are then reinvested, generating further growth. This snowball effect amplifies wealth creation potential, especially over long-term horizons. 💰 4. Diversification and Risk Management: SIPs allow women to spread their investments across different asset classes, mitigating risk and ensuring a balanced portfolio. This diversification strategy helps to minimize the impact of market volatility, protecting hard-earned capital. 🛡️ 5. Financial Independence and Freedom: Financial independence empowers women to make their own choices, pursue their dreams, and build a secure future for themselves and their families. SIPs pave the path to achieving this independence by creating a solid financial foundation that can support their long-term goals. 💪 Bonus: SIPs and Retirement Planning: SIPs are an excellent tool for women to plan for their retirement. Starting early and investing consistently through SIPs can help them accumulate a substantial retirement corpus, ensuring they have a comfortable and financially secure life after their working years. 👵 Empowering Women through Financial Knowledge: Financial literacy is key to making informed investment decisions. By providing access to financial education resources, we can empower women to understand the benefits of SIPs and other investment options, enabling them to confidently navigate the world of finance and build a strong financial future. 📚 Join the Conversation: Share your thoughts and experiences about how SIPs have helped you on your path to financial success. Let's build a community of empowered women, supporting each other on the journey towards financial freedom and growth! #WomenandFinance #SIPs #FinancialEmpowerment Remember, every step you take towards financial literacy and investing is a step towards a brighter, more empowered future.

With female-led #SMSFs growing steadily since 2017, empowered by increased resources and workforce participation, women are taking charge of their financial futures. As Australia gears up for a monumental #intergenerational wealth transfer, women's roles in managing wealth are more crucial than ever. Learn how SMSFs are shaping the financial landscape and empowering women towards greater financial independence in our latest blog. Get in touch with our team of SMSF experts to understand our transparent fee structures, and stay up to date with the regulatory changes and SMSF investment options. #RetirementSavings #FinancialEquality #InvestingForWomen #WealthManagement #Superannuation #WealthTransfer #SMSFInvesting #RetirementPlanning