October 2022

Distribution 5,710

7th Annual STA Women in Finance Symposium

One of STA’s top priorities is to advocate for those who have historically lacked a voice in the financial services industry, and at our 7th Annual STA Women in Finance Symposium, held earlier this month in conjunction with this year's STA Market Structure Conference in Washington DC, more than 110 Symposium attendees were reminded of the challenges, progress and unique opportunities that women face in this sector.

On the stage to facilitate that understanding was keynote Erin Gibbs, Chief Investment Officer, Main Street Asset Management. In an interview moderated by STA WIF Co-Chair Inessa Ruffman, Managing Director at JonesTrading Institutional Services, Ms. Gibbs shared her views on topics ranging from networking to working from home to building a personal brand.

Ms. Gibbs shared stories from her career and reflected on the industry evolution she has witnessed in terms of inclusivity. While the conversation was wide-ranging, it all went back to one fundamental idea: as far as our industry has come, there is still work to be done in building diverse workplaces where all perspectives can be heard.

See below for highlights from the event. On behalf of the entire STA WIF Committee, we hope to see you next year!

Articles of Interest

Women’s Financial Health Hits Five-Year Low, According To New Survey

Forbes

A new survey reveals women’s financial health is at a five-year low, and women are now spending significant time worrying about their finances. Inflation and recession fears combined with concerns like reproductive rights and access to childcare leave women fretting about their financial woes more than their male counterparts.

here

One of Europe's Biggest Banks Told to Fix Women's Unequal Pay

Bloomberg

BNP Paribas SA was told by French judges it shouldn’t have excluded bonuses from its calculations to close the gender pay gap, in a ruling that’s likely to have ramifications for the local banking industry. 

here

Female Private Equity Fund Manager Finds A White Space

Forbes

In search of higher returns and relatively stable investments, high-net-worth individuals (HNWI) are allocating more to alternative investments, such as private equity, writes Chris Cumming in The Wall Street Journal. For those who can accept a potentially greater level of risk, alternatives that have low or no correlation to public markets also provide portfolio diversification.

here

Personal Finance Expert and Author of 'Money Management: From Grade School to Grad School' Shares His Top Financial Advice for Women in Their 20s, 30s, 40s, 50s and 60s

Business Insider

As women are moving up in their careers, starting businesses, investing and making more money, their financial goals and needs are constantly changing. 

here

Family Planning Financials, According to a Financial Advisor

Ellevest

The professional world isn't kind to mothers, and it starts before you even decide to have a child. Knowing the stats is one thing, that motherhood costs women $16,000 a year in lost wages, or that women's salaries peak earlier than men's, or that men see salary increases when they become fathers, but deciding how to use those stats in your own decision-making is an emotional process in and of itself.

here