Insights & Advice


Your husband has a kept woman

Dalton — Your husband has a kept woman. And it’s you. Kept in the dark, that is. According to a UBS study, “women put financial security at risk by deferring long-term financial decisions to spouses.”

Let’s face it: Most financial advisors are old white dudes (OWDs) like me, and old white dudes often don’t like to falter from traditional gender roles. OWDs are not comfortable with change, like involving the matriarch in the conversation. About half of financial advisors are over 50 years old, most are male, and nearly one-third of all financial advisors are projected to retire in the next 10 years, so why change behaviors now? I mean, besides the fact that it would be a good idea for the wife.