50 Top Women in Wealth, Wealth Partners & Academics: Krawcheck, Mitchell—Slideshow

While all 50 honorees of the 50 Top Women in Wealth for 2011 deserve recognition for their accomplishments and leadership, as we have done each year since the 50 Top Women’s inception, we are taking some extra time to look at certain members of the list, this year grouped by the major roles they play in wealth management.

View the 50 Top Women in Wealth home page for more reporting and this year's complete list of honorees.

tamar frankel

TAMAR FRANKEL

Boston University Law Professor Tamar Frankel has written and taught on such topics as mutual funds, securitization, financial system regulation and corporate governance, but she is perhaps most revered for her teachings on, and knowledge of, fiduciary law, so much so that the Committee for the Fiduciary Standard recently named its annual fiduciary award after her.

A long-term member of the Boston University School of Law faculty, Frankel was a visiting scholar at the Securities and Exchange Commission (SEC) from 1995 to 1997, and at the Brookings Institution in 1987. A native of Israel, Frankel served as an attorney in the legal department of the Israeli Air Force, an assistant attorney general for Israel’s Ministry of Justice and the legal advisor of the State of Israel Bonds Organization in Europe.

View the 50 Top Women in Wealth home page for more reporting and this year's complete list of honorees.

sallie krawcheck

SALLIE KRAWCHECK

Less than two years ago, Bank of America selected Sallie Krawcheck, a veteran of both Sanford Bernstein and Citigroup, as the new head of its global wealth and investment management group, which had just come to include Merrill Lynch.

"I am excited that Sallie Krawcheck has agreed to join our company," said then-BofA Chairman and CEO Ken Lewis, in an August 2009 press release. "She is acknowledged to be one of the premier executives in the wealth-management industry. Her experience and perspective will lead that business to the next level."

Lewis’ statement now seems to have been prescient. When Krawcheck was brought on board, BofA reported that it had 15,008 advisors in its Merrill Lynch and legacy BofA wealth-management operations, down from 15,822 at the end of the first quarter of '09. Total client balances were about $1.8 trillion. Today, assets under management are about $2.2 trillion, and the number of Merrill advisors has expanded by nearly 700.

View the 50 Top Women in Wealth home page for more reporting and this year's complete list of honorees.

OLIVIA MITCHELL

OLIVIA MITCHELL

Dr. Olivia Mitchell of the Wharton School is into retirement. In a big way. Not only that, lately she has been focusing on women and retirement—an area rife with problems. Lack of financial literacy and failure to plan for retirement are just two of the issues most women have that handicap them in their financial lives.

“The big picture is that most Americans don’t plan for retirement. We’ve done a number of studies on financial literacy—how well people understand basic economic concepts. Women are generally less financially literate. People don’t get [longevity expectations] right either!” Mitchell says.

View the 50 Top Women in Wealth home page for more reporting and this year's complete list of honorees.

esther stearns

ESTHER STEARNS

Esther Stearns knows how to time her career moves—and pick her mentors. 

Stearns joined LPL Financial in 1996 after rising through the ranks at Charles Schwab for about 14 years to become its vice president of information systems. She’s been chief operating officer and president of LPL Investment since 2004 and 2007, respectively.

“My first job out of college was with Schwab in San Francisco,” Stearns said in an interview with AdvisorOne. “Back then, it was a small company, like LPL was around ’96 when I joined. I liked the fact that they were upstarts, outside of the conventional part of the industry. And, fortunately for me, they’ve both had great leaders.” 

View the 50 Top Women in Wealth home page for more reporting and this year's complete list of honorees.

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