Investing Like an Institution – September 2019
FS Investments hosted a panel discussion with three industry experts to discuss trends in institutional investing and what individuals may learn from how pensions, foundations and endowments allocate their portfolios. The discussion focused on the benefits of including alternative investments to diversify their investment portfolios and add return potential. The panelists addressed liquidity, investment minimums, fees and the financial habits they have incorporated into their everyday lives.
Katie Poole, CFP®
Investment Officer, Mill Creek Capital Advisors
Robin L. Wiessmann
Secretary of Pennsylvania Department of Banking and Securities
Paula Campbell Roberts
Director, Global Macro & Asset Allocation Team, KKR
Annual Summer Social – August 2019
Over 50 WIN members gathered at the Overbrook Golf Club to enjoy a summer evening of networking and refreshments. This year we hosted John Wind and Jennifer Brown of the John Wind collection representing vintage and modern jewelry and accessories.
John Wind contributed a share of the evening’s proceeds to benefit WIN’s designated charity, Back on my Feet. Back on my Feet focuses on helping Philadelphia homeless people gain independence and living skills.
After attendees completed WIN’s annual member experience survey, a drawing was held for John Wind gift certificates and floral arrangements by Annette Chang.
Transformational Leadership – 2019
Lincoln Financial Group hosted a conversation about Transformational Leadership, during which Jamie Ohl and moderator Sharon Scanlon discussed how leaders can transform an organization. They discussed the difference between strategy and goals, and how to look beyond simply hiring the right individuals to focus on hiring the right team. During the audience Q&A, Ohl addressed that individuals at all levels of an organization should understand how their day-to-day jobs fit into the bigger picture and feel empowered to flag if anything they see isn’t contributing to helping the team achieve the strategy set forth.
Behind the Scenes of a Corporate Earnings Call – June 2019
SEI hosted a Behind the Scenes of Earnings, a panel discussion where the buy-side, sell-side and management shared their perspectives on earnings and why earnings matter to everyone. The panelists explained the importance of listening to the tone and confidence of management as well as the Q&A portion of the calls. They also shared war stories and lessons learned in covering companies from a various industries. The conversation concluded with resources available to learn more about earnings and current events by reading the Wall Street Journal, Seeking Alpha, RobinHood Snacks and listening to CNBC and Bloomberg Radio.
CFA & WIN Golf Outing – June 2019
WIN and the CFA Society collaborated on a delightful afternoon of golf for all skill levels at the beautiful and accommodating Bluestone Golf Club in Blue Bell. Tapping into Women on Course for event logistics and golf attire shopping, WIN/CFA recruited an able partner to execute an often challenging event idea.
We had full use of Bluestone’s Bar and Grill room adjacent to the Pro Shop before and after our golf activities which allowed for additional networking opportunities. Bluestone’s professional staff, let by Chris Gardiner, were organized, attentive and engaged with our group, making us feel welcome at all times. The course featured a driving range, pitching area and practice putting green for our use throughout the afternoon.
Retiring the “Old Age” Story – May 2019
WIN’s May event hosted by Hartford Funds, featured Stephen Parnell, Managing Director of Strategic Markets at Hartford. Working in partnership with MIT Lab, Hartford is investigating and challenging the ideal of “old age” and what that means for the shifting idea of retirement.
Steve generously shared with us his recovery journey from a stroke. The WIN audience was lucky to be the recipients of his first presentation since his health event. We were all amazed to understand some of his journey and the perspectives he shared with us.
Aging and retirement are often “things” that happen to other people. The greater longevity of men and especially, women necessitate that we think in new and creative ways.
In 1995, only 14% of people surveyed indicted they would work past age 65. In 2017, 74% of respondents indicated their desire to work full or part time after the traditional retirement age.
This diverse group of consumers representing every possible level of health and wealth is worth about $8 trillion in the United States alone. It cannot be ignored.
Steve shared some of the myths around retirement, including:
- You’re Going to Retire at 65
- Retirement Is All About Fun and Leisure
- You Won’t Work Anymore Because Social Security and Medicare Will See You Through
- You’ll Always Be Traveling
- Your Kids Will Take Care of You While You Spend Lots of Time with the Grandkids
- Florida Is the Best Place to Retire
- You’ll Ultimately End Up in a Nursing Home
- Employers Won’t Hire You Because You’re Too Old
Steve highly recommends, The Longevity Economy, Unlocking the World’s Fastest-Growing, Most Misunderstood Market by Dr. Joseph Coughlin, as a great reference to the changing landscape of retirement.
Hartford Funds also shared their worksheet with WIN participants, “A day in the life of the future you.” Both resources will help further your understanding of transitions to the next phase of your life and the lives of your clients.
Finding Opportunity in Private Markets – April 2019
WIN’s April event showcased an insightful overview of the Private Markets by two of Hamilton Lane’s investment professionals and industry voices, Andrea Kramer, Managing Director of the firm’s global Fund Investment Team and Emily Nomeir, Principal and Head of the Taft-Hartley Client Relations team.
The evening highlighted the Market Overview conducted each year by Hamilton Lane’s analysts, investment and research teams in conjunction with data from client partners and industry fund leaders. The private markets continue to grow and mature with well over 1,000 private placement memorandums reviewed by Hamilton Lane in 2018.
The discussion focused on the status of fundraising, performance, data demands, risk, investment strategy and liquidity. The growth of private equity is evidenced by exposure and market cap at $500B in 1999 to now $4.9T in 2018. The audience engaged the speakers with questions on risk and where the market trends are headed. The speakers concurred that longer hold periods were common with seven years being average for buyout deals.
The wrap up included Hamilton Lane’s profile on how to build a portfolio for today’s market. Key elements included – don’t market time, choose quality managers with prior cycle experience, choose sector specialists wisely and sparingly, and be tactical by thinking about the shape of the next downturn.
The New Networking: Building Relationship Capital Online and In Person – March 2019
Find your voice and live your authentic life – January 2019
We hope all who attended the networking event on January 31st found value in VOCE Consulting founder Ginny Palmieri’s conversation with us about Political Savviness and its impact on our professional engagement and successes. As she emphasized, this is a critical skill that can be learned and leveraged to achieve business objectives through formation of alliances around common goals. Mastering these skills can also enable us to strengthen our voice when we need to advocate for our ideas and projects, influence allocation of human and financial resources, and position ourselves for growth and advancement. Her book, “Unspoken – Finding Your Voice and Living Your Authentic Life”, which was a takeaway for the evening, will spark your thinking and imagination around how to learn to be an influencer and a leader in both business and life.
© 2019 Photo by Jeannie Feliciano, Blue Phoenix Business Services. Used with permission.
WIN Holiday Social – December 2018
WIN members celebrated another successful year at the annual holiday party graciously hosted by CBRE in their newly renovated space. WIN members enjoyed delectable food and wine provided by Fleming’s Prime Steakhouse. Members reflected on a year full of engaging discussion and career development and focused on an exciting look ahead to 2019. WIN founding members offered appreciation and gratitude to everyone for their continued participation and engagement. Join us next year for another unique opportunity to connect with other WIN members!
Leading Change and Maximizing Performance – October 2018
Left to right: Cathy Grimes, SIG, Alice Lindenauer, Hamilton Lane, Alison Rodgers-McCoy, Brandywine Global Investment Management, Molly Bogan, Hartford Funds
Thank you to a dynamic panel of industry human resource leaders and Brandywine Global Investments for hosting October’s WIN event on Leading Change and Maximizing Performance. Alison Rogers-McCoy kicked off the program with an overview of how Brandywine Global has re-tooled their performance management process by listening to employees and engaging management across the firm’s disciplines. It has been most effective by providing simple tools and encouraging dialogue to “look ahead at goals” and shift from a more traditional rear view mirror discussion.
Social Impact Investing Today and Tomorrow – September 2018
Let to Right: Lianna Peto, Hartford Funds, Emily Thomas, Morgan Stanley, Quyen Tran, Wellington Management, Tara Hedlund, Pennsylvania Trust, Meg Vorhees, US SIF
The Social Impact Investing Panel on 9/19 was incredibly insightful. Social Impact Investing has come a long way since WIN first discussed this topic a few years ago. Millennials and older females are a couple of the demographic groups asking for more social and impactful investing methodologies. Panelists were energized by that fact that today there are a number of available indices with multiple years of data allowing for meaningful benchmarking. These ESG focused benchmarks and more commonly used benchmarks together can show that the return on these ESG/ SRI investments is competitive and in many instances outperforms as compared to other investment strategies. One panelist was looking forward to more SRI/ ESG options in different asset classes coming available. Another panelist shared the hope that the UN sustainable development goals will assist in moving the needle. This increased availability of social impact investing data should lead to investors demanding accountability in reporting and further inroads.
Summer Social – August 2018
A special thank you to our host for the 2018 Summer Social, WIN member and Program Committee volunteer, Christine Walker Nerney. Her beautiful home and garden was a wonderful setting for our annual WIN summer networking soiree. For those of you who joined us, thank you for making the evening memorable and fun.
ETF Momentum: The Accelerated use of ETFs – June 2018
Thank you so much to SEI for hosting the “ETF Momentum” kick off to summer event on their scenic back patio. Speakers Bryan Hoffman of SEI, Jamie Gershkow of Stradley Ronon and Dominika Gergely of BlackRock provided tremendous insight into the ETF market including record growth trends, legal and regulatory considerations, and debunking several myths consumers have regarding ETFs. WIN is happy to make a charitable donation to Mom’s house with the proceeds from the event.
Current State of the Economy and Update on Trump’s Tax Reform May 2018
A great, big thanks to Denise McNamee, Olga Blyweiss and Lauren Bresnahan from KPMG for making our recent WIN event: Current State of the Economy and Update on Trump’s Tax Reform, a fantastic success. Not only was the food delicious, the networking fun, and a gift donated to “Back on my Feet, “ but all participants went away smarter about the impact of the new tax law on their personal situations. And the bonus of the evening was hearing the perspective that we can anticipate continued economic success for the foreseeable future.
What a perfect kick-off message for what we anticipate will be a relaxing and sun-filled summer season for everyone.
Storytelling: An Essential Leadership Tool – April 2018
What do effective leaders have in common? Superb communication skills. And what is one of the best ways to communicate? Through stories. Our Tell Me a Story session on April 26th, presented by Hillary Rea, inspired deeper connections to those with whom we work and enhanced the communication skills of attendees.
Leadership Through Others: Connecting and Influencing
At WIN’s March 28 meeting, leaders from Lincoln Financial Group share their strategies to connected with people-on your team, within your group, or in your industry-and guide actions to achieve your desired results. Maria Ma, Assistant Vice President, Fixed Income Portfolio Manager will moderate the discussed with Carrie Chelko, SVP & Chief Counsel, Distribution, and Evelin Potts, Assistant Vice President, Diversity and Inclusion.
Primarily focused on diversity, inclusion, mentorship, and community involvement.
Financial Planning for Women by Women – February 2018
Janney Montgomery Scott (Janney) hosted a dynamic panel discussion on Financial Planning by Women for Women. This highly popular session attracted over 120 investment professionals who were interested in moving their financial goals to the top of their priority list.
Joslyn Ewart, a founding partner at Entrust Financial LLC moderated the panel of four highly accomplished financial advisors – Sheila Shaffer of Janney, Lynn Erskine of Drexel Morgan Capital Advisers, Jocelyn Wright of the American College and Michelle Tate of Boenning & Scattergood.
In their discussions, the panelists focused on the importance of communication during the planning stage. They explained the value of setting clear investment goals and the benefit of compounding from a consistent investment strategy over the long term. The panelists shared key questions that investors should ask when interviewing future financial advisors. They also provided clear steps that investors should take to get the most out of their financial advisor relationship. Finally, attendees learned about the differences between financial advice and financial planning.
Suggested reading, financial advisor panelist contacts, and handout resources are available on the WIN web site.
To close the session, all WIN members received a copy of Joslyn Ewart’s book: Balancing Act: Wealth Management Straight Talk for Women. The book proceeds overall were directed by Entrust Financial to a Temple University scholarship fund for students with financial need.
WIN commemorated the evening by contributing the evening’s event proceeds to Janney’s designated charity, Girls Who Invest. To highlight WIN’s annual Bring a Friend event, Bridget Gossner of Janney received a complimentary membership to the WIN organization for 2018.
The Rules of Negotiation – January 2018
Hamilton Lane hosted an incredibly insightful and sold out 100+ person event “The Rules of Negotiation” last Thursday. Alice Lindenauer of Hamilton Lane’s Global Human Resources Group kicked off WIN’s fist event of 2018 and noted that all registration proceeds from the event went toward Girls Who Invest. The total donation amount was over $1,400 which will aid in their mission to increase the number of women in portfolio management and executive leadership in the asset management industry.
Event speakers, Senior Corporate Counsel Laura Warren and Corporate Counsel Kristin Jumper provided four clear steps for attendees to consider when negotiating professionally and personally. Key steps are below with one point noted for your review:
1) Prepare: Identify your “must haves” and list your objectives.
2) Propose / Discuss: Be clear, listen carefully, ask questions and identify opportunities for mutual gain.
3) Bargain: Conserve your concessions. Don’t give too much away too soon and don’t be afraid to say “no.”
4) Agree: Summarize results to confirm agreement and memorialize them in writing.
Laura and Kristin also noted that the way you say it is almost as important as how you say it. The two rounded out the conversation by stressing the importance building relationships with negotiating counterparts to engender trust and positivity.
All attendees received a WIN notebook and WIN pen!
WIN Annual Holiday Party – December 2017
The holiday season is the perfect time to celebrate your professional and personal accomplishments for 2017 and look ahead to where you want to go in 2018 and beyond. Attending the WIN Holiday Party at Fleming’s Radnor is a great way to do both.
Enjoy delicious bites and wine, a festive atmosphere, and, most importantly, the company of WIN members.
Blockchain and Investment Opportunities in Digital Currencies November 2017
On Thursday, November 16 SIG hosted the Women in Investing Network at their offices in Bala Cynwyd with a popular and engaging topic – “Blockchain and Investment Opportunities in Digital Currencies”. This topic attracted a diverse audience as WIN members were joined by male colleagues and new or aspiring members. The crowd of well over a hundred was introduced to Blockchain by Tom Alex a Principal Consultant and Director of Technology at Meradia Group. Tom helped us gain a greater appreciation for the relatively simple but difficult-to-conceptualize technological underpinnings of blockchains in general and how this technology makes crypto-currencies, like bitcoin, possible. Stacey Gilbert, Head of Derivative Strategy for SIG, picked up the conversation delving into investment opportunities and, in particular, the opportunity and magnitude of the digital currency market. We were all impressed (and somewhat astounded) by the size and growth of the digital currency trading market. We went well-beyond our planned end-time as audience members peppered our presenters and other members of SIG’s technology team with questions. We thank SIG for their generous hospitality and all their efforts to make this fantastic event a reality.
SIG was proud to welcome the Women in Investing Network of Philadelphia to our headquarters. Over 100 guests and SIG employees enjoyed a catered reception, networking, and talks on blockchain and cryptocurrency. Our own Stacey Gilbert shared her knowledge of how blockchain technology is applied to cryptocurrencies like Bitcoin and Ethereum. Thank you to everyone who joined us!
Pennsylvania Conference for Women – October 2017
The PA Conference for Women continued its mission to educate and inspire in 2017. WIN members represented 50 of the 12,000 women in attendance seeking to gain career and personal insights into topics such branding yourself to achieve career goals, authentic leadership, and power, parity, and influence.
The conference‘s special distinction: a fireside chat with Hollywood producer Shonda Rhimes and former First Lady Michelle Obama. Always well spoken, the former First Lady described her pre-White House years as a balancing act of working and raising two daughters. She credited the flexibility she had with work hours that enabled her be there for her daughters on a day-to-day basis. She also discussed her belief in instilling strength in women at a very early age by listening to them actively and encouraging them to assert their voices. In addition, she relayed the importance of taking a seat at the table – with confidence, speaking without fear – as well as her belief that diversity at the problem-solving table is crucial to decision making. Attendees were also treated to a brief video of the former President, Barack Obama, offering a wedding anniversary tribute to the former First Lady.
Smart Beta – September 2017
Summer Social – August 2017
A special thank you to our host for the 2017 Summer Social, WIN member and Program Committee volunteer, Christine Walker. Her beautiful home and garden was a wonderful setting for our annual WIN summer networking soiree. For those of you who joined us, thank you for making the evening memorable and fun.
Economic Update with Lara Rhame – July 2017
The WIN mid-year economic update with Lara Rhame, Senior Economist at FS Investments was a great success. In attendance for Lara’s engaging analysis were over 90 WIN members and FS Investments employees who enjoyed pre- and post-event cocktails and conversation at FS Investments’ offices located in the Philadelphia Navy Yard. The environment was festive and was influenced by bright and open spaces, modern art and delicious hors d’oeuvres prepared by FS Investments’ in-house chef and catering team. Lara’s delivery of economic indicators was both upbeat and succinct and included 3 takeaways: the current 2% GDP growth – which is also expected to remain the same through 2018, is the “new” 3%; business pending is key to further GDP expansion; and the financial markets have gotten ahead of fundamentals.
Forecasting Emerging Markets – April 2017
The Power of Influence – March 2017
WIN’s March 23 event, located at the Harvest Grill in Radnor, was a great success. With a focus on personal development, the event featured Sara Canuso, seminar leader and author of You’ve Always Had the Power. Sara discussed internal and external skills behaviors needed to generate positive influence, which are built upon the foundation of being comfortable with who we are and knowing what we can bring to the table. While confidence, leadership and influence lead us on the way to reaching our fullest potential, we must be mindful of first impressions that are influenced by dress, body language and posture.
Crafting a Career in Financial Services – February 2017
WIN held its 10th Anniversary celebration on February 23 with an engaging panel of women in finance professionals highlighting Crafting a Robust Career in Financial Services. Hamilton Lane graciously offered their corporate headquarters as WIN’s event venue. Alice Lindenauer, GHRO of Hamilton Lane, served as panel moderator and opened the meeting with perspectives on the state of female executive advancement in the financial services arena. Alice reported that there is a lack of role models at the top serving at executive committee and senior levels of investment firms. She highlighted initiatives to move the needle on closing the career advancement gap such as creating work flexibility, returnship programs, family support benefits, promotion and equal pay, networking, mentorship, leadership programs and targeted recruiting. A copy of Alice’s industry perspective is available here.
WIN Co-Founders and panel members, Tracy Musser of Thompson, Siegel and Walmsley and Sharon Hayman of Jackson Square Partners, provided their personal motivation stories on their career journeys and WIN’s founding in 2007. Their mission to empower women in investments throughout their careers has created a nucleus to promote professional development, industry education and networking opportunities for industry women. Panel members Cindy Axelrod of Temple University’s Fox School of Business and Tricia Rotella of the SEI Private Banking Group, also shared their stories of career growth in taking on new roles, working with mentors, and advancing their careers in going beyond comfort zones.
WIN’s Co-Founder and Co-President, Tracy Musser, highlighted her vision for WIN for the next 10 years – helping young women in finance through mentoring, continued growth in creating value for key firms and individuals in the region, and expanding WIN’s goals to include broadening the inclusion of male colleagues in the industry.
The event registered a record attendance of over 90 members, guests and women in finance college students from Temple University, Drexel University and Villanova University. Please view our photo gallery here for further highlights of the 10th Anniversary event.
Learn with Leaders: Conversation with Ellen Cooper – February 2017
On 2/1, WIN had its kickoff event of 2017. There were over 50 registrants eager to hear Ellen’s market insights and career advice.
In regards to the market, Ellen conveyed that she is feeling generally optimistic, although she expects a lot of volatility along the way. She said she is relieved that rates are where they are with inflation around 2% and unemployment around 4.7%.
Ellen gave some great advice and professional guidance to attendees. She recommended owning your mistakes; get in front of them, communicate and execute a plan to fix the mistake. She is an advocate of continuous learning and stays up on current events focusing on the three most important things that are going each day. She also noted that it is incredibly important to reflect on feedback and to be open and willing to change.