‘Women are helping other women’ at upcoming Women Advisor Summit

investmentnews.com:

If you’re a woman advisor looking to support other women, Sharon Hayut says the Women Advisor Summit is the event you’ll want to attend.

“You’re going to have a room full of really wonderful women who are there to help empower each other and make our industry, which is mostly dominated by men, more unified,” she said. “Women helping other women and learning from other women’s struggles would really help advance your own career.”

Hayut, who’s the senior managing director at New York City-based Magnus Financial Group, will be one of many women leaders speaking at the Nov. 8 event. Hayut’s panel will discuss “maximizing the potential of wealth management business models.”

Kate Healy, CEO and founder of AdvoKate IQ, who will lead the summit, says one of the innovative approaches and opportunities that women are bringing to the wealth management space is just being themselves.

“It’s just them and their personality and all that they bring,” she said. “Women are historically relationship builders, they’re multitaskers. They reach out to women in their community, they have events that bring women together, and they really prospect in many ways.”

Healy added that there are a lot of opportunities for women advisors to discover. Sometimes, all it takes is looking within your community.

“Women have this unique ability to just be in their community and meet and talk to people. Look in your natural market, look at your LinkedIn. Look at who you live near. That’s how they can find those unique opportunities,” she said.

One of the other factors affecting the wealth management industry is a shortage of women advisors. However, women are controlling most of the wealth in the country. As Healy also says, women inherit most of the wealth