The Main Advantages of Women Financial Advisors

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During a forum back in 2010, then president of Citi Personal Banking and Wealth Management said that America would never have experienced the 2008 financial crisis if it was the Lehman Sisters and not the Lehman Brothers.

That being said, the financial services industry is still undoubtedly a man’s world. Based on a report by the Bureau of Labor Statistics, only 31% of financial advisors in the US are women, which means almost 8 out of 10 financial brokers and consultants are men. This is contraindicative to the recent findings of a research done by Pershing, a financial consultancy firm under the BNY Mellon group, which revealed a projected rise in demand for women financial advisors.

From the standpoint of financial advisor recruiters, this is a simple economic situation – high demand and low supply equals a lot of opportunities. If you’re a woman in the financial industry, this is a great time to look for better jobs and greener pastures. In doing so, it pays to know what your main advantages are over your male counterparts. This would allow you to strongly position yourself during job interviews.

So, what exactly are your key advantages as a female financial advisor?

Women Understands Women

Women-owned businesses account to trillions of dollars per year. According to the same report from Pershings, female investors are more likely to hire financial consultants than their male counterparts – 46% versus 36%. The study also shows that female clients are more likely to develop a long-term and loyal relationship with a consulting firm. Not coincidentally, most of these women entrepreneurs prefer to hire female advisors. Why do you think is that? For one, it is a consensus in the industry that women clients require more intensive consulting and they take more time than female clients. This is because female investors are more detail-oriented.

Also, the number of wealthy women who are not necessarily investors or entrepreneurs is rising. These are those who just got divorced, was recently widowed, etc. They have real money and they need help in managing their finances. According to financial services recruiters, this new breed of rich women are more comfortable working with female consultants because they are more patient, are typically good listeners and wouldn’t mind hearing about the personal stories of their clients.

Women Generate Clients in More Varied Ways than Men

According to the 2012 Fidelity Broker and Advisor Sentiment survey, 71% of female wealth managers attend industry gatherings and in-person seminars. This is significantly higher compared to the 36% of men who attend such networking events. The report says nothing conclusive about this information but it’s easy to draw an educated hypothesis – women develop more connections and therefore, more opportunities to acquire new clients. Also, women are more open to clients who are looking beyond the traditional investment platforms.

Experts also observe that female financial advisors are craftier in promoting their expertise. Carol Pepper, the woman behind the New York-based investment firm Pepper International wrote a book to promote her services. Chapin Hill Advisors president Kathy Boyle often gives speeches to create thought leadership for the firm. She also use blogging as a tool to reach potential clients.

Women have made and are continuously making their mark in the financial services arena and though they are still outnumbered, it wouldn’t be surprising if they equal or surpass the number of financial advisors in the future.

Atlanta Mortgage Firm Urges Borrowers to Apply for Jumbo Loans

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The jumbo loan market is the only bright spot in an otherwise shrinking mortgage market, and an Atlanta company that specializes in refinancing and purchasing of homes believes those dreaming of buying their own home should take advantage of the favorable market conditions. Christensen Financial, Inc., an Atlanta-based company that lends to those dreaming of buying their own homes or refinancing their properties, says that a lot of financial institutions are now relaxing their rules in order to cater to well-off borrowers. It cites that even the big banks in America are stepping up efforts to get more affluent borrowers, while keeping their credit rules tight for other customers. These banks are allowing assets in accounts of their borrowers to serve as collateral, reducing rates for customers with investment accounts, and even accepting lower down payments. In 2014, applications for jumbo loans rose by 4.9 percent, proof that more borrowers are cashing in on the relaxed rules of banks on this type of financing. Jumbo loans are available only to creditworthy borrowers with an average FICO score of 760. Christensen Financial, Inc. advises families and individuals to apply for jumbo loans, or those with a minimum amount of $417,000, so they can buy their dream properties. The firm says home owners in Atlanta and nearby areas wanting to apply for a jumbo loan can visit its website where they can get free quotes and even start their jumbo loan application. About Christensen Financial Christensen Financial is a mortgage company for people looking to buy or refinance their homes. It is backed by a team of highly skilled and experienced mortgage professionals. For more information, please visit www.jumboloanmortgages.net. Contact Details Lynnette L. Collins947 Courtright Street Balta, ND 58368

Financial Hardship Loans

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Auto title loans have helped many people in a time of need. These types of loans are granted to people who own their car outright and use that car as a form of collateral. Depending on the type of car that you have, age, mileage and condition will depend on the amount that you can receive for the car. Interest rates and repayment schedules are based on the individual auto title loan company.

These auto title loans are a great way to get a quick fix to a bad financial situation. Many of us find that emergencies do not always happen on payday or at a time when they are financially secure. They happen when least expected and the need to fix the problem is urgent. You may not have the time, or the credit, to apply and wait for a conventional loan. In that scenario, if you own your car, you may consider a auto title loan.

Car title loans can assist you when you need it most. If you need to fill a prescription, visit the doctor or even buy diapers before payday comes, this quick fix loan can help. Many people have found that when they are in a crisis this is the fastest way to get through a problem without the hassles of trying to get a personal loan.

There are no credit checks with a auto title loan. If you own the car you can get a loan. This is very helpful to anyone with bad or poor credit. You do not have to wait for approval, you do not have to have the perfect credit score, you just need a clear car title in your name.

If you fail to repay the loan the car will automatically become the property of the loan company. You will forfeit all rights to that car and you may even incur penalties for the cost the loan company has to transfer the title and reclaim their losses. If you use this service in a time of need you really need to be sure you can repay the loan. Auto title loans can be a life saver in a bad situation and, if used right, the help you desperately need. When you apply for a title loan make sure you are aware of all the stipulations and can repay the loan.

Two Reasons Financial Institutions Rely On Online Technology

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One of them is security and the other is speed and efficiency. If you are a financial institution looking to provide your clients with fast and secure loans as well as keep up with competition and technology, look to automated loan origination systems as the new business management tool for your answer.

Automated decisioning is defined as a business management model that allows an organization to not only manage their organization but allow an organization to manage their processes while improving business operations and in turn not have to overly rely on IT departments.

A account origination is one way for a financial business to leap over stacks and stacks of paper and post it notes and use an automated system to instantly find out, while a customer is either in front of them, on the phone or currently on chat whether or not they qualify for a loan without waiting days to first check their credit score, their current debt, their income or whether they would remotely qualify.

Instead of wasting their time and yours going back and forth to different lending houses to see who would be able to give them a loan and at the best rate, this works out great for mortgage loan lenders, auto lenders and other financial institutions looking to increase workflow and keep tight security and provide their customers with a good service.

Business process management with technology produces results like a loan origination system, often in the form of loan origination software vastly speeding up the loan process. The system goes through a list of check lists before a loan is completed, checking a potential clients credit report, interest rates of different financial lenders and a persons financial history and then, close to instantly, a loan origination system can provide a detailed report about each area of the loan process. The idea that a loan could be sorted out in less than a day use to seem impossible, now it take seconds.

With todays modern designs for loan origination systems, loan offices are able to interact and have control of the system enabling them to submit loan applications, underwrite, review decisions manually and create closing documents.

Increase your financial businesss workflow today with a business process management system. Your customers and your office will appreciate the seamless operation only instant loan origination systems with the internet can provide.