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Compiling a record of well-known ladies monetary advisors could be difficult as a result of amongst well-known monetary advisors, the record of girls who’re well-known is slim. Essentially the most recognizable could also be media star Suze Orman.
The remainder of the ladies included under might not be acquainted to most of the people, however they’re well-known of their trade for being excessive achievers. Many of those star monetary advisors and wealth managers rank amongst Barron’s Prime 100 Girls Monetary Advisors of 2023 and handle billions in belongings.
Key Takeaways
- Suze Orman is among the most well-known and influential ladies monetary advisors.
- Different ladies monetary advisors might not be family names, however they’re excessive achievers of their subject.
- Most are included in Barron’s annual rating of America’s high 100 ladies monetary advisors, which highlights achievements primarily based on complete belongings managed, income, and high quality of follow.
1. Suze Orman
Suze Orman is an authorized monetary planner (CFP) and one of the vital recognizable monetary gurus within the nation. She hosted “The Suze Orman Present” on CNBC for 13 years and continues to make frequent appearances on numerous media shops. Orman additionally hosts a podcast known as Girls & Cash.
Orman’s one-stop monetary planning empire covers each space of 1’s monetary life, providing every little thing from a debt eliminator and expense tracker software to varied property planning instruments and an insurance coverage evaluator package.
Orman has written many best-selling private finance books, together with “You’ve Earned It, Don’t Lose It” and “The Cash E book for the Younger, Fabulous & Broke.”
2. Karen McDonald
Karen McDonald, managing director at Morgan Stanley Wealth Administration, has ranked No. 1 since 2021 within the surveys finished yearly by Barron’s of high feminine monetary advisors. She has nearly $220 billion in belongings underneath administration (AUM) and directs a group of 16 that serves greater than 63,000 consumer households.
McDonald has greater than 40 years of funding expertise, together with 30 years at Morgan Stanley. She’s primarily based in Palo Alto, California.
3. Holly Newman Kroft
Rating fourth on Barron’s 2023 record, Holly Newman Kroft is a managing director at Neuberger Berman. Kroft’s group of 10, primarily based in New York Metropolis, handle 239 consumer households and $3.5 billion in AUM. Kroft ranked second on the Barron’s record in 2021 and 2022.
4. Valerie Newell
Valerie Newell was ranked No. 2 by Barron’s in 2023, up from third place in 2022. She manages $5.1 billion in AUM for 1,608 consumer households. Newell is a principal and senior wealth advisor at Mariner Wealth Advisors. She oversees a group of 53 and relies in Cincinnati, Ohio.
5. Deborah Montaperto
Deborah Montaperto is a managing director and personal wealth advisor at Morgan Stanley and accomplice of Polk Wealth Administration Group, a part of the financial institution’s personal wealth administration division. Primarily based in Palm Seaside, Florida, Montaperto has a 32-person group that advises on $40 billion in belongings for 233 consumer households, who’ve a median web price of $250 million. Montaperto ranked fifth in 2023 in Barron’s rankings and has been included since 2010.
6. Stephanie J. Stiefel
Stephanie J. Stiefel is managing director and head of consumer growth for Straus Group, a part of Neuberger Berman’s personal asset administration division. Rating third on Barron’s rankings for 2023, up from fifth in 2022, Stiefel’s six-member group manages $2.8 billion in belongings for 227 shoppers with a median web price of $45 million. She’s primarily based in New York Metropolis.
7. Johanna Walters
Johanna Walters manages the belongings of 786 shoppers with a group of 18. A managing director at Merrill Lynch Wealth Administration, she got here in sixth in Barron’s rankings for 2023. A typical consumer underneath her administration has a web price of $15 million. She has been together with her present agency for 21 years and works in Blue Bell, Pennsylvania.
8. Gillian Yu
Gillian Yu has been a managing director at Morgan Stanley Non-public Wealth Administration for eight years. She got here in sixteenth on Barron’s record for 2023. She manages $8.5 billion with a group of six and relies in San Francisco, California. Every of the 50 consumer households she manages has a typical web price of $100 million.
9. Susan Kaplan
Susan Kaplan has been president of Kaplan Monetary Companies Inc. for 30 years. Along with a group of 11, she manages $2.6 billion for 175 consumer households with a typical web price of $10 million. Kaplan relies in Newton, Massachusetts. In 2023, Kaplan got here in at No. 7 on Barron’s rating.
10. Colleen O’Callaghan
Colleen O’Callaghan is a managing director at J.P. Morgan Wealth Administration in New York Metropolis and a founding member of The O’Callaghan Thomas Group. She ranked No. 10 on Barron’s record for 2023. Her nine-member group manages $5.3 billion in belongings for 68 consumer households with a typical web price of $75 million.
Who Are the Prime Girls Monetary Advisors?
Essentially the most well-known within the subject is private finance skilled Suze Orman. Orman, who hosted “The Suze Orman Present” on CNBC for 13 years, began her profession as a stockbroker at Merrill Lynch. As well as, Barron’s publishes an annual record of the highest 100 ladies monetary advisors, primarily based on belongings underneath administration (AUM) and high quality of follow. In 2023, the highest advisors included Karen McDonald, Holly Newman Kroft, Valerie Newell, and Deborah Montaperto.
What Are Belongings Underneath Administration (AUM)?
Belongings underneath administration (AUM) is the overall market worth of the investments that an individual or entity manages on behalf of shoppers. AUM definitions and formulation fluctuate by firm or monetary establishment.
How Can I Discover a Girl Monetary Advisor?
The Backside Line
Though most well-known ladies monetary advisors aren’t family names, their accomplishments are noteworthy. And whereas the overall variety of ladies within the monetary providers trade is low, this record of achieved ladies clearly demonstrates the abilities and abilities wanted to thrive in a historically male-dominated subject.
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