Imagine if your doctor followed this standard when recommending medical treatment: you need a treatment for a serious ailment and the doctor recommends a “suitable” treatment. Not the best or most appropriate treatment, but a suitable one. He could offer you superior treatment, but instead he recommends a treatment using a pharmaceutical company that, in fact, pays him a good deal of money for such recommendations.
Warren Buffet’s Berkshire Hathaway announced this week that they plan to acquire Precision Castparts, one of Oregon’s few Fortune 500 companies. The deal is Berkshire Hathaway’s most ambitious yet and at $37.4 billion, further strengthens its portfolio’s position in the industrial sector. The transaction requires approval by a majority of PCC’s outstanding shares and closing is expected to occur during the first quarter of 2016.
Ellevate Portland connects women for courageous conversation
Growing up with two older brothers meant that I’ve always been comfortable as one of the few females in the room. As a financial adviser, I even saw this as an advantage, a positive differentiator.
I soon realized, however, that it was not enough to be comfortable holding my own or being superficially unique. I wanted to be valued for my difference in approach, thought process, and perspective.
Unfortunately, there didn’t seem to be space for it.
There’s no doubt that issues of gender equity are nuanced. In my practice, I’ve seen that women are hesitant to be active participants in their financial lives for fear of appearing anything less than smart and accomplished.
This idea that vulnerability is weakness translates further into how we navigate our professional lives. My own experiences with what I identify as gender equity issues at work led me to seek out (and later create) safe environments within which to share my insecurities and frustrations.
With so many options available to investors today, it isn’t always easy to know the right things to look for when finding a financial advisor. Many people believe that words like “broker” and “advisor” are interchangeable for example.
That simply isn’t the case. There are different rules and regulations regarding the two. Failing to understand these differences may cost you a great deal of money.