A new practice that changes the way financial advice is provided to women has been launched by Coronado resident Janet Acheatel through HoyleCohen, LLC, a leading independent wealth management firm. Acheatel is a co-leader of Wealth by Design for Women? which fills a void in the investment services industry that has not previously catered to women in transition, such as recent divorcees and widows, as well as entrepreneurial and professional women who are taking a fresh look at aligning their wealth with their personal goals and values.
Acheatel brings 30 years of investment advisory experience to Wealth by Design for Women?. Prior to joining HoyleCohen, Acheatel served in a variety of senior positions at Brandes Investment Partners, Nicholas Applegate Capital Management and Lexington Capital Management. Acheatel said, “I am very pleased to be joining this exciting new practice dedicated to women. Industry experts are increasingly supporting what we already know from experience: that women need more from their providers.”
The new practice also includes a website, http://www.wbd4women.com. Wealth by Design for Women? takes clients through a comprehensive wealth management process that first seeks to understand each client’s attitude about money and their priorities. Ongoing opportunities to learn about personal finance and next generation preparation are included in the service model to build financial literacy and confidence. The program emphasizes on-going contact with clients to ensure that their needs are being met as their circumstances change.
“Women’s societal influence and wealth are on a one way track leading upwards. Studies have shown that in the next decade, women will control two thirds of consumer wealth. Despite this, the market has been slow to give them the support and services they need to manage their wealth and life goals,” said Mark Delfino, managing director, HoyleCohen. “Wealth by Design for Women? is our firm’s way of showing our support to women and meeting a real need in our industry.”
As part of the comprehensive offering, Wealth by Design for Women? will collaborate with a client’s other trusted advisors, including attorneys, real estate professionals, insurance agents, CPAs and bankers. This approach enables a truly holistic service and offers clients greater financial confidence.
Acheatel is co-leader of the new practice with Elisabeth Cullington who is a Certified Financial Planner. Cullington said, “Our experience has shown that female clients are increasingly dissatisfied with the traditional approaches that ignore their specific goals. In contrast, our Wealth by Design for Women practice provides a more collaborative and information-rich environment to help women leverage their financial independence towards their own priorities.”
This year’s TD Ameritrade National Conference highlighted the importance of women and finance. “Our conference underscored the growing importance women with wealth play in our society,” said Tom Bradley, president, TD Ameritrade Institutional. “We are committed to supporting independent advisors who want to serve women better and are pleased to see progressive firms like HoyleCohen creating an entire business unit to do this.”
