Sallie Krawcheck leads Ellevest, a digital investment platform for women; earlier she was CEO of Smith Barney and Bank of America’s wealth business (including Merrill Lynch).
Women, Advisors & Investing
“Research has always told us that women have weathered these kinds of downturns as investors better than their brothers and husbands. … [W]omen tend to check [their investment account balances] less, and it’s behooved them positively financially, historically,” she explained recently in an interview on TheStreet.com.
“If you’re [an investor] in a place later in life where you’re selling your equities, you’re selling your investments, fingers crossed that you worked with a financial advisor, who got your risk down as you got older, which is a real value an advisor can bring.”