27 minutes | Jun 14, 2021

Encore – Is the Financial Advising Profession an ‘Old Boys’ Network?

Is the Financial Advising Profession an ‘Old Boys’ Network? Encore Episode This episode is one of the Top 9 Most Popular Breaking Money Silence® podcasts. Have you seen the movie The Wolf of Wall Street and think the financial advising profession is full of aggressive white men? If so, you need to listen to this episode. Kate Healy, former TD Ameritrade Institutional, Managing Director, Generation Next, talks about this myth and how it is harmful to the financial planning industry. Hear her insider view of the profession and learn how she is working toward increasing the gender and racial diversity in the field that she loves. Kate Healy – Brand Builder/NextGen Advocate and Board Chair, Foundation for Financial Planning  Kate Healy is a senior financial services industry executive and the 2021-2022 board chair of the Foundation for Financial Planning. She is widely recognized as a thought leader and advocate for the next generation of financial planners, women advisors, and the financial planning profession. Wealthmanagement.com named her to the 2018 “Ten to Watch” list and in 2016, Investment Advisor magazine named Healy as one of the industry’s 25 most influential people. She is a frequent contributor to industry publications and podcasts, including Barron’s: The Way Forward, InvestmentNews, and Financial Planning and is a repeat speaker at industry events including FPA, NAPFA, FA Magazine, and TD Ameritrade’s LINC national conference. Show Notes: Follow Kate on Twitter at https://twitter.com/Kate_Healy or LinkedIn at www.linkedin.com/in/kateehealy Kate Healy was honored on 11/21/2019 by Savvy Ladies, a non-profit dedicated to empowering women to be financially fit, at their annual gala. KBK Wealth Connection is a proud supporter of this great organization.  .et_bloom .et_bloom_optin_1 .et_bloom_form_content { background-color: #146a7d !important; } .et_bloom .et_bloom_optin_1 .et_bloom_form_container .et_bloom_form_header { background-color: #146a7d !important; } .et_bloom .et_bloom_optin_1 .et_bloom_form_content button { background-color: #f58023 !important; } .et_bloom .et_bloom_optin_1 .et_bloom_form_content .et_bloom_fields i { color: #f58023 !important; } .et_bloom .et_bloom_optin_1 .et_bloom_form_content .et_bloom_custom_field_radio i:before { background: #f58023 !important; } .et_bloom .et_bloom_optin_1 .et_bloom_form_content button { background-color: #f58023 !important; } .et_bloom .et_bloom_optin_1 .et_bloom_form_container h2, .et_bloom .et_bloom_optin_1 .et_bloom_form_container h2 span, .et_bloom .et_bloom_optin_1 .et_bloom_form_container h2 strong { font-family: "Open Sans", Helvetica, Arial, Lucida, sans-serif; }.et_bloom .et_bloom_optin_1 .et_bloom_form_container p, .et_bloom .et_bloom_optin_1 .et_bloom_form_container p span, .et_bloom .et_bloom_optin_1 .et_bloom_form_container p strong, .et_bloom .et_bloom_optin_1 .et_bloom_form_container form input, .et_bloom .et_bloom_optin_1 .et_bloom_form_container form button span { font-family: "Open Sans", Helvetica, Arial, Lucida, sans-serif; } Submit your question for the Breaking Money Silence® Podcast! Submit Your question has been submitted! OTHER WAYS TO ENJOY THIS POST: Listen on Google Listen on Amazon Listen on Stitcher Subscribe on iTunes Listen on Spotify Join Breaking Money Silence on Facebook KBK Connection, Inc., is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com Recent Posts Encore – Are women of color one dimensional? Encore – Dear Mom and Dad, please don’t run out of money! Encore – Why Women Entrepreneurs Should Go Big! Encore – Is the Key to Happiness Achieving Work-Life Balance? Encore – Is There a High Financial Cost of Selling Your Company Stock? Encore – Are Millennials Smarter Than Their Parents When it Comes to Money? Encore – Is the Financial Advising Profession an ‘Old Boys’ Network? Advocate for Yourself and Thrive in Business | Episode 126 Women as Next Gen Family Business Leaders | Episode 125 Is it Too Late for a Career Change? | Episode 124 How to Do Good as a Social Impact Entrepreneur | Episode 123 Sell from Love: Step Into the Courage Zone | Episode 122 Can’t Afford an Advisor? Try Pocketnest.com | Episode 121 3 Ways to Use Your Money to Make an Impact | Episode 120 Rewire Your Brain to Boost Financial Confidence | Episode 119 The Power of a Money Mentor in Boosting Financial Confidence | Episode 118 Saying No When Your Kids Ask You for Money | Episode 117 Can Getting Divorced Boost Your Financial Confidence? | Episode 116 Your Journey to Financial Wellness | Episode 115 Is Your Partner Cheating on You with Money? (Financial Infidelity) | Episode 114 Talking to Your Honey About Money | Episode 113 One Couple’s Home Renovation Journey | Episode 112 Couples, Money, and Being Queer | Episode 111 Breaking Money Silence® on Black Middle Class Couples and Finances | Episode 110 Is it Okay to Laugh About Money? | Episode 109 Couples and Money Breaking Money Silence® Podcast Series Breaking Money Silence® on Queer Women & Finances | Episode 108 Leveling the Playing Field for Black Women in STEM | Episode 107 IntersectionAllies: How to Make Room for All in Financial Education | Episode 106 Making Financial Literacy Accessible | Episode 105 Building a village to support inclusivity in the world of dance | Episode 104 Two Black Women, One Big Idea, and Their Challenge to Access Capital | Episode 103 Diversity and Inclusion Breaking Money Silence® Podcast Series The Silent Epidemic: Elder Financial Abuse | Episode 102 Breaking Money Silence® on Ageism | Episode 101 Celebrating Women Who Live to 100 and Beyond | Episode 100 Is it wise to trust your gut when it comes to money? | Episode 99 Why Women Entrepreneurs Should Go Big! | Episode 98 Dear Mom and Dad, please don’t run out of money! | Episode 96 Are Millennials smarter than their parents when it comes to money? | Episode 95 Millennials and Money Series Is Social Security Really Different for Women? | Episode 94 Behind the Scenes: The Biggest Take-Aways as a Host How do you inspire the next generation to fight for gender equality? | Episode 93 Gender Bias: A discussion with Beth Milkovits, CFP® | Episode 92 Behind the Scenes: Listeners’ Questions Answered Do all family businesses have succession planning? | Episode 91 Do I deserve to earn more money? | Episode 90 Behind the Scenes with Diane Abruzzini Are millennials entitled? | Episode 89 Are there advantages to being a woman leader? | Episode 88 Are women of color one dimensional? | Episode 87 Do men find it easier to ask for a raise? | Episode 85 Are money mistakes bad? | Episode 86 Is the key to happiness achieving work-life balance? | Episode 84 Will more money make life better? | Episode 83 Behind the Scenes with Pam Andrews, The Scholarship Shark Announcing the Women, Money, and Power Podcast Series Are scholarships only for talented athletes and straight-A students? | Episode 82 Behind the Scenes of Breaking Money Silence® with Emily Tuttle Behind the Scenes of Breaking Money Silence® with Roger Stauss Are men more financially literate than women? | Episode 81 Behind the Scenes of Breaking Money Silence® with Lisa Danforth Is there a ceiling to the amount of money I can make? | Episode 80 Is the financial advising profession an ‘old boys’ network? | Episode 79 Do women get married to pay off their student loan debt? | Episode 78 Is the cannabis industry unbanked? | Episode 77 Do men build bigger businesses than women? | Episode 76 Is it true that women are not good with numbers? | Episode 75 Is there a high financial cost of selling your company stock? | Episode 74 How much should you invest to grow your business? | Episode 73 Do men manage the majority of the wealth in this country? | Episode 72 Is it true that it is impossible to save money when you don’t make a lot? | Episode 71 Can pursuing your passion be profitable? | Episode 70 Are wealthy people miserable? | Episode 69 Is it true musicians don’t make any money? | Episode 68 Are financial advisors experts at giving advice? | Episode 67 Do female breadwinners have unhappy marriages? | Episode 66 Are women-owned businesses lifestyle businesses? | Episode 65 Is skiing is too expensive? | Episode 64 Is stock selection is the best predictor of wealth creation? | Episode 63 Is it true women don’t ask for help or more money? | Episode 62 Is budgeting too hard and a waste of time? | Episode 61 Are financial advisors hired only for investment advice? | Episode 60 Does a spouse come with a house? | Episode 59 Is retirement is wonderful? | Episode 58 If I get any money, will I just lose it? | Episode 57 As a stay-at-home parent, am I financially protected once I’m married? | Episode 56 Should you do estate planning for your pets? | Episode 55 Can single women be financially successful? | Episode 54 Is it inevitable that my kids will control my finances? | Episode 53 Will robo-advisors replace human advisors? | Episode 52 Is philanthropy only for the super wealthy? | Episode 51 Are people rational consumers? | Episode 50 Do you have to earn a ton of money to pay off debt? | Episode 49 Does frugality equal deprivation? | Episode 48 Is everyone saving for the future but me? | Episode 47 Is there a connection between your health and your wealth? | Episode 46 Does getting a prenup mean we will divorce? | Episode 45 Is financial planning just all about the numbers? | Episode 44 Are my kids are too young to teach them about money? | Episode 43 Do women have lower financial IQ than men? | Episode 42 Is it true that to be a true artist you must starve? | Episode 41 Will your business get you to retirement by itself? | Episode 40 For the average American, are mutual funds the only place to invest your savings? | Episode 39 Will I know when I need help managing my finances when I’m old? | Episode 38 Are women not interested in finance? | Episode 37 Should men manage the money? | Episode 36 Should parents protect their children from college financing decisions? | Episode 35 Is all spending bad? | Episode 34 Are only male entrepreneurs interested in growing their businesses? | Episode 33 Is it true I don’t need to talk about finances before getting married? | Episode 32 Does keeping business costs as low as possible maximize profits? | Episode 31 Why should I worry about money if some day my prince will come? | Episode 30 Is it true couples don’t need to talk about money? | Episode 29 Is a man a plan? | Episode 28 Is it okay to ignore your finances? | Episode 27 Because you only live once, isn’t planning unnecessary? | Episode 26 Do couples need to be equally involved in managing money? | Episode 25 Is it true that I can’t save money? | Episode 24 Should you always financially take care of your family? | Episode 23 Is money the root of all evil? | Episode 22 Will aging parents communicate with you about money? | Episode 21 With enough money, will life be perfect? | Episode 20 Should family finances be managed and controlled by one person? | Episode 19 Do you have to work hard for money? | Episode 18 Is education priceless? | Episode 17 Do you have to know the difference between a want and a need? | Episode 16 Is financial success is the same as financial health? | Episode 15 Does charging higher fees make it harder to get clients? | Episode 14 If my adult children are college educated, do I need to talk to them about family finances? | Episode 13 Is it true that I don’t need to save for retirement because I have Social Security? | Episode 12 Who said money and knowing where to shop can’t buy happiness? | Episode 11 Why won’t making more money make you happy? | Episode 10 Is financial literacy only for those in poverty? Is it true that women entrepreneurs aren’t interested in growing their business? | Episode 9 Can money be a sign of how many people you’ve helped? | Episode 8 Are you a prisoner of your money history? | Episode 7 Is selling undignified? | Episode 6 Do I have to know everything about money to feel safe? | Episode 5 Do I have to be involved in the family finances? | Episode 4 Is it true that money will not buy happiness? | Episode 3 Does money have to be a struggle? | Episode 2 Should men be the primary breadwinners in the family? | Episode 1 Categories Couples and Money Diversity and Inclusion Entrepreneurship Family and Money Financial Psychology Podcasts Women and Wealth Women Empowerment Recent Posts Encore – Are women of color one dimensional? Encore – Dear Mom and Dad, please don’t run out of money! Encore – Why Women Entrepreneurs Should Go Big! Encore – Is the Key to Happiness Achieving Work-Life Balance? Encore – Is There a High Financial Cost of Selling Your Company Stock? Encore – Are Millennials Smarter Than Their Parents When it Comes to Money? Encore – Is the Financial Advising Profession an ‘Old Boys’ Network? Advocate for Yourself and Thrive in Business | Episode 126 Women as Next Gen Family Business Leaders | Episode 125 Is it Too Late for a Career Change? | Episode 124 How to Do Good as a Social Impact Entrepreneur | Episode 123 Sell from Love: Step Into the Courage Zone | Episode 122 Can’t Afford an Advisor? Try Pocketnest.com | Episode 121 3 Ways to Use Your Money to Make an Impact | Episode 120 Rewire Your Brain to Boost Financial Confidence | Episode 119 The Power of a Money Mentor in Boosting Financial Confidence | Episode 118 Saying No When Your Kids Ask You for Money | Episode 117 Can Getting Divorced Boost Your Financial Confidence? | Episode 116 Your Journey to Financial Wellness | Episode 115 Is Your Partner Cheating on You with Money? (Financial Infidelity) | Episode 114 Talking to Your Honey About Money | Episode 113 One Couple’s Home Renovation Journey | Episode 112 Couples, Money, and Being Queer | Episode 111 Breaking Money Silence® on Black Middle Class Couples and Finances | Episode 110 Is it Okay to Laugh About Money? | Episode 109 Couples and Money Breaking Money Silence® Podcast Series Breaking Money Silence® on Queer Women & Finances | Episode 108 Leveling the Playing Field for Black Women in STEM | Episode 107 IntersectionAllies: How to Make Room for All in Financial Education | Episode 106 Making Financial Literacy Accessible | Episode 105 Building a village to support inclusivity in the world of dance | Episode 104 Two Black Women, One Big Idea, and Their Challenge to Access Capital | Episode 103 Diversity and Inclusion Breaking Money Silence® Podcast Series The Silent Epidemic: Elder Financial Abuse | Episode 102 Breaking Money Silence® on Ageism | Episode 101 Celebrating Women Who Live to 100 and Beyond | Episode 100 Is it wise to trust your gut when it comes to money? | Episode 99 Why Women Entrepreneurs Should Go Big! | Episode 98 Dear Mom and Dad, please don’t run out of money! | Episode 96 Are Millennials smarter than their parents when it comes to money? | Episode 95 Millennials and Money Series Is Social Security Really Different for Women? | Episode 94 Behind the Scenes: The Biggest Take-Aways as a Host How do you inspire the next generation to fight for gender equality? | Episode 93 Gender Bias: A discussion with Beth Milkovits, CFP® | Episode 92 Behind the Scenes: Listeners’ Questions Answered Do all family businesses have succession planning? | Episode 91 Do I deserve to earn more money? | Episode 90 Behind the Scenes with Diane Abruzzini Are millennials entitled? | Episode 89 Are there advantages to being a woman leader? | Episode 88 Are women of color one dimensional? | Episode 87 Do men find it easier to ask for a raise? | Episode 85 Are money mistakes bad? | Episode 86 Is the key to happiness achieving work-life balance? | Episode 84 Will more money make life better? | Episode 83 Behind the Scenes with Pam Andrews, The Scholarship Shark Announcing the Women, Money, and Power Podcast Series Are scholarships only for talented athletes and straight-A students? | Episode 82 Behind the Scenes of Breaking Money Silence® with Emily Tuttle Behind the Scenes of Breaking Money Silence® with Roger Stauss Are men more financially literate than women? | Episode 81 Behind the Scenes of Breaking Money Silence® with Lisa Danforth Is there a ceiling to the amount of money I can make? | Episode 80 Is the financial advising profession an ‘old boys’ network? | Episode 79 Do women get married to pay off their student loan debt? | Episode 78 Is the cannabis industry unbanked? | Episode 77 Do men build bigger businesses than women? | Episode 76 Is it true that women are not good with numbers? | Episode 75 Is there a high financial cost of selling your company stock? | Episode 74 How much should you invest to grow your business? | Episode 73 Do men manage the majority of the wealth in this country? | Episode 72 Is it true that it is impossible to save money when you don’t make a lot? | Episode 71 Can pursuing your passion be profitable? | Episode 70 Are wealthy people miserable? | Episode 69 Is it true musicians don’t make any money? | Episode 68 Are financial advisors experts at giving advice? | Episode 67 Do female breadwinners have unhappy marriages? | Episode 66 Are women-owned businesses lifestyle businesses? | Episode 65 Is skiing is too expensive? | Episode 64 Is stock selection is the best predictor of wealth creation? | Episode 63 Is it true women don’t ask for help or more money? | Episode 62 Is budgeting too hard and a waste of time? | Episode 61 Are financial advisors hired only for investment advice? | Episode 60 Does a spouse come with a house? | Episode 59 Is retirement is wonderful? | Episode 58 If I get any money, will I just lose it? | Episode 57 As a stay-at-home parent, am I financially protected once I’m married? | Episode 56 Should you do estate planning for your pets? | Episode 55 Can single women be financially successful? | Episode 54 Is it inevitable that my kids will control my finances? | Episode 53 Will robo-advisors replace human advisors? | Episode 52 Is philanthropy only for the super wealthy? | Episode 51 Are people rational consumers? | Episode 50 Do you have to earn a ton of money to pay off debt? | Episode 49 Does frugality equal deprivation? | Episode 48 Is everyone saving for the future but me? | Episode 47 Is there a connection between your health and your wealth? | Episode 46 Does getting a prenup mean we will divorce? | Episode 45 Is financial planning just all about the numbers? | Episode 44 Are my kids are too young to teach them about money? | Episode 43 Do women have lower financial IQ than men? | Episode 42 Is it true that to be a true artist you must starve? | Episode 41 Will your business get you to retirement by itself? | Episode 40 For the average American, are mutual funds the only place to invest your savings? | Episode 39 Will I know when I need help managing my finances when I’m old? | Episode 38 Are women not interested in finance? | Episode 37 Should men manage the money? | Episode 36 Should parents protect their children from college financing decisions? | Episode 35 Is all spending bad? | Episode 34 Are only male entrepreneurs interested in growing their businesses? | Episode 33 Is it true I don’t need to talk about finances before getting married? | Episode 32 Does keeping business costs as low as possible maximize profits? | Episode 31 Why should I worry about money if some day my prince will come? | Episode 30 Is it true couples don’t need to talk about money? | Episode 29 Is a man a plan? | Episode 28 Is it okay to ignore your finances? | Episode 27 Because you only live once, isn’t planning unnecessary? | Episode 26 Do couples need to be equally involved in managing money? | Episode 25 Is it true that I can’t save money? | Episode 24 Should you always financially take care of your family? | Episode 23 Is money the root of all evil? | Episode 22 Will aging parents communicate with you about money? | Episode 21 With enough money, will life be perfect? | Episode 20 Should family finances be managed and controlled by one person? | Episode 19 Do you have to work hard for money? | Episode 18 Is education priceless? | Episode 17 Do you have to know the difference between a want and a need? | Episode 16 Is financial success is the same as financial health? | Episode 15 Does charging higher fees make it harder to get clients? | Episode 14 If my adult children are college educated, do I need to talk to them about family finances? | Episode 13 Is it true that I don’t need to save for retirement because I have Social Security? | Episode 12 Who said money and knowing where to shop can’t buy happiness? | Episode 11 Why won’t making more money make you happy? | Episode 10 Is financial literacy only for those in poverty? Is it true that women entrepreneurs aren’t interested in growing their business? | Episode 9 Can money be a sign of how many people you’ve helped? | Episode 8 Are you a prisoner of your money history? | Episode 7 Is selling undignified? | Episode 6 Do I have to know everything about money to feel safe? | Episode 5 Do I have to be involved in the family finances? | Episode 4 Is it true that money will not buy happiness? | Episode 3 Does money have to be a struggle? | Episode 2 Should men be the primary breadwinners in the family? | Episode 1 Categories Couples and Money Diversity and Inclusion Entrepreneurship Family and Money Financial Psychology Podcasts Women and Wealth Women Empowerment
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