A Holistic Financial Strategy Can Help Busy Women Tackle their Financial Goals

Women are busier than ever during the pandemic, but overall wellness should also include financial preparedness. At Mercer Advisors, we can help you find a holistic solution for professional women to kill two birds with one stone by answering financial questions while saving valuable time.

For professional women like myself, time constraints have become an increasingly important concern as remote working has caused shifts in work-life balance and allowed the boundaries of the workday to blur. Now more than ever, our free time is at a premium, and professional women are finding themselves running up against the clock to complete both work and home activities without the geographical boundaries that previously separated church and state. Many women view starting their financial plan – whether that’s investment strategy, estate planning, or managing tax strategy – as yet another time-consuming task to undertake in an already saturated schedule. But while the current pandemic environment underscores on a daily basis how integral a healthy lifestyle is, savvy professional women also know that having a stable financial plan is key to creating a healthy financial future.

While I’ve seen first-hand that many find taking the first step to build a financial strategy to be daunting, working with a holistic provider is key to helping busy women save time by bundling all aspects of a financial strategy into one integrated solution. Whether it’s estate planning, managing taxes or choosing investments, tying together all aspects of financial wellness into one streamlined strategy with a single provider is a clear way to tackle your financial goals without being bogged down by an additional time-consuming task.

Nearly two-thirds of women are the breadwinners or co-breadwinners of their family, and 95% of women will be the primary financial decision maker in their household at some point in their life.1 Yet women, on average, continue to seek out less financial advice and support compared to men. Upwards of 90% of women feel unprepared for retirement, and women are less likely to invest in the market at the same rate as male counterparts, according to womensmoney.org.

Here are the three strategic ways we help women achieve economic freedom:

  1. Finding an investment strategy that aligns with your financial goals
  2. Creating a tax strategy that helps minimize your tax exposure
  3. Creating a custom estate plan to help protect your loved ones and assets

Seeking out financial advice shouldn’t be a task that is side-lined by the idea that it’s too time-consuming. With a connected one-stop shop partner like Mercer Advisors, we can help you save time by bundling together our knowledge and context to help you develop a customized and streamlined financial plan.

Whether you’re just getting started with your financial goals, or your financial needs have evolved – a growing family, saving for an earlier retirement, or a new job and tax bracket – Mercer Advisors is here to help craft a holistic financial plan that encompasses all of your goals. Download a recording of our recent women and wealth webinar to hear more about the three strategies we suggest professional women should undertake to find financial freedom. For more information, check out our Women and Wealth resource hub here.

 

Footnotes

[1] – https://familywealthadvisorscouncil.com/women-of-wealth-study/

 

Mercer Advisors Inc. is the parent company of Mercer Global Advisors Inc. and is not involved with investment services. Mercer Global Advisors Inc. (“Mercer Advisors”) is registered as an investment advisor with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change. Some of the research and ratings shown in this presentation come from third parties that are not affiliated with Mercer Advisors. The information is believed to be accurate, but is not guaranteed or warranted by Mercer Advisors. Content, research, tools, and stock or option symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. For financial planning advice specific to your circumstances, talk to a qualified professional at Mercer Advisors. Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy or product made reference to directly or indirectly, will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio. Historical performance results for investment indexes and/or categories, generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results. Economic factors, market conditions, and investment strategies will affect the performance of any portfolio and there are no assurances that it will match or outperform any particular benchmark. This document may contain forward-looking statements including statements regarding our intent, belief or current expectations with respect to market conditions. Readers are cautioned not to place undue reliance on these forward-looking statements. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside Mercer Advisors’ control. Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning documentation preparation and other legal advice is provided through its affiliation with Advanced Services Law Group, Inc.

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