The Center Celebrates International Women's Day


It’s International Women’s Day, a global day celebrating social, economic, cultural, and political achievements of women! Here at The Center, International Women’s Day is close to our hearts. Two of our three founders are women, three of our five partners are women, 50% of our financial planning department is women, and 62% of our 29-person team are, you guessed, it women! That’s saying a lot in a profession where only 14% of financial advisors are female [Source: Cerulli Associates].

A Link, a Gift, an Ask

This morning, we celebrated International Women’s Day 2018 with by hosting a breakfast for more than 200 women! Everyone heard Laura Vanderkam speak on managing it all. We wanted to leave attendees and friends of The Center alike with a gift that might help you balance. Here’s a link to a more balanced “To-Do” list which includes work, relationships, and you. Enjoy!

We felt inspired to host our event both as a celebration of each other and women’s success, and also so that we could make a difference in other women’s lives. To that end, we have partnered with Haven, an Oakland County based organization that provides comprehensive programming for victims of domestic violence and sexual assault.

The Center is making a gift of $2,500 to Haven’s programs and a matching gift of $2,500 from The Center’s partners to Haven’s Spark program. Spark is an eight week program for middle school and high school girls focusing on empowerment and self-esteem. Through discussions, films and activities, girls learn about navigating the world of young women, creating boundaries, forming healthy supportive relationships, and achieving personal goals.

If you would like to compound our gift of women helping women, you can donate to Spark through Haven’s website. Please select “International Women’s Day” when prompted to earmark your gift. Your generous support is appreciated!

A Link: Laura Vanderkam

 Laura Vanderkam writes about time management, life, careers, and family.

Laura Vanderkam writes about time management, life, careers, and family.

A Gift: Balanced To-Do List

 A little tweak in your to-do list can add more personal time into your schedule.

A little tweak in your to-do list can add more personal time into your schedule.

An Ask: Donate to Haven

 Please select “International Women’s Day” when prompted to earmark your gift.

Please select “International Women’s Day” when prompted to earmark your gift.

Remember to Invest in Yourself

As women who specialize in the world of financial planning, we know the power that financial security can have in women’s lives.

Here are some important statistics women should know about themselves and money.

  • Women face an Investing Gap. Men tend to invest more than women by a factor of 2-7 times. Over time, this results in a gap between the net worth as measured by investments of men vs. women. If you’re making $50,000 to $70,000, this gap can cost a woman hundreds of thousands of dollars over a career. On average, for women earning $100,000 or more, the gap exceeds $1 million. [Source: “Money is Power: Ellevest 2018 Money Census”]
  • Making Good Money Decisions is a Huge Confidence Booster for Women. Putting away money for financial goals makes women feel good, so does how much we save and invest. This satisfaction only increases with age. [Source: Ellevest, “Money is Power”] We see this in the work that we do one-on-one with people, especially women. The financial planning process often turns fear and uncertainty into comfort and confidence.
  • Women are Good Investors. While the financial services industry is statistically dominated by men, studies show that women are superior investors. Women tend to trade less often, use more research to make their decisions, and handle investing challenges with less reactions. [Source:, “The Secrets of Women Investors”]
  • Women Live Longer, So They Need More Money Over Time. We all know that women tend to live longer than men. This means that the pool of assets needed throughout their lifetime often needs to be higher. This reinforces the importance of sound financial strategy for women throughout their lifetime, so they’re not on the outside looking in at the end of their life.

While these statistics show the capabilities and challenges of women as a group, we at The Center know that the financial planning process can offer women and families the opportunity to manage their current life and take care of their future selves. Approaching your relationship with money with a focus on financial goals, a holistic approach which isn’t just about investing but also addresses the importance of retirement savings, estate planning, preparing to pay for education, and so much more is a key to the process we use to tackle the challenges associated with finances.

If you are left feeling uncertain or stressed when you think about money, make an investment in yourself and get started with the financial planning process. Work with a financial advisor in your life or consider reaching out to us at The Center! We would love to schedule a free initial consultation to understand your needs and get you started in the right direction.

Melissa Joy, CFP®, CDFA® is Partner and Director of Investments at Center for Financial Planning, Inc.® In 2013, Melissa was honored by Financial Advisor magazine in the Research All Star List for the third consecutive year. In addition to her contributions to Money Centered blogs, she writes investment updates at The Center and is regularly quoted in national media publications including The Chicago Tribune, Investment News, and Morningstar Advisor.

Financial Advisor magazine's inaugural Research All Star List is based on job function of the person evaluated, fund selections and evaluation process used, study of rejected fund examples, and evaluation of challenges faced in the job and actions taken to overcome those challenges. Evaluations are independently conducted by Financial Advisor Magazine.

This information has been obtained from sources deemed to be reliable but its accuracy and completeness cannot be guaranteed. Raymond James is not affiliated with Laura Vanderkam or Haven. Links are being provided for informational purposes only. Raymond James does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.