Compiling a checklist of well-known girls monetary advisors could be difficult as a result of amongst well-known monetary advisors, the checklist of ladies who’re well-known is slim. Essentially the most recognizable could also be media star Suze Orman.
The remainder of the ladies included beneath is probably not acquainted to most of the people, however they’re well-known of their business for being excessive achievers. Many of those star monetary advisors and wealth managers rank amongst Barron’s High 100 Ladies Monetary Advisors of 2023 and handle billions in belongings.
Key Takeaways
1. Suze Orman
Suze Orman is a licensed monetary planner (CFP) and one of the vital recognizable monetary gurus within the nation. She hosted “The Suze Orman Present” on CNBC for 13 years and continues to make frequent appearances on varied media retailers. Orman additionally hosts a podcast referred to as Ladies & Cash.
Orman’s one-stop monetary planning empire covers each space of 1’s monetary life, providing every thing from a debt eliminator and expense tracker instrument to varied property planning instruments and an insurance coverage evaluator equipment.
Orman has written many best-selling private finance books, together with “You’ve Earned It, Don’t Lose It” and “The Cash Ebook for the Younger, Fabulous & Broke.”
2. Karen McDonald
Karen McDonald, managing director at Morgan Stanley Wealth Administration, has ranked No. 1 since 2021 within the surveys performed yearly by Barron’s of high feminine monetary advisors. She has nearly $220 billion in belongings underneath administration (AUM) and directs a staff of 16 that serves greater than 63,000 shopper households.
McDonald has greater than 40 years of funding expertise, together with 30 years at Morgan Stanley. She’s primarily based in Palo Alto, California.
3. Holly Newman Kroft
Rating fourth on Barron’s 2023 checklist, Holly Newman Kroft is a managing director at Neuberger Berman. Kroft’s staff of 10, primarily based in New York Metropolis, handle 239 shopper households and $3.5 billion in AUM. Kroft ranked second on the Barron’s checklist in 2021 and 2022.
4. Valerie Newell
Valerie Newell was ranked No. 2 by Barron’s in 2023, up from third place in 2022. She manages $5.1 billion in AUM for 1,608 shopper households. Newell is a principal and senior wealth advisor at Mariner Wealth Advisors. She oversees a staff of 53 and relies in Cincinnati, Ohio.
5. Deborah Montaperto
Deborah Montaperto is a managing director and personal wealth advisor at Morgan Stanley and associate of Polk Wealth Administration Group, a part of the financial institution’s personal wealth administration division. Based mostly in Palm Seashore, Florida, Montaperto has a 32-person staff that advises on $40 billion in belongings for 233 shopper households, who’ve a mean internet price of $250 million. Montaperto ranked fifth in 2023 in Barron’s rankings and has been included since 2010.
6. Stephanie J. Stiefel
Stephanie J. Stiefel is managing director and head of shopper improvement for Straus Group, a part of Neuberger Berman’s personal asset administration division. Rating third on Barron’s rankings for 2023, up from fifth in 2022, Stiefel’s six-member group manages $2.8 billion in belongings for 227 shoppers with a mean internet price of $45 million. She’s primarily based in New York Metropolis.
7. Johanna Walters
Johanna Walters manages the belongings of 786 shoppers with a staff of 18. A managing director at Merrill Lynch Wealth Administration, she got here in sixth in Barron’s rankings for 2023. A typical shopper underneath her administration has a internet price of $15 million. She has been along with her present agency for 21 years and works in Blue Bell, Pennsylvania.
8. Gillian Yu
Gillian Yu has been a managing director at Morgan Stanley Non-public Wealth Administration for eight years. She got here in sixteenth on Barron’s checklist for 2023. She manages $8.5 billion with a staff of six and relies in San Francisco, California. Every of the 50 shopper households she manages has a typical internet price of $100 million.
9. Susan Kaplan
Susan Kaplan has been president of Kaplan Monetary Providers Inc. for 30 years. Along with a staff of 11, she manages $2.6 billion for 175 shopper households with a typical internet price of $10 million. Kaplan relies in Newton, Massachusetts. In 2023, Kaplan got here in at No. 7 on Barron’s rating.
10. Colleen O’Callaghan
Colleen O’Callaghan is a managing director at J.P. Morgan Wealth Administration in New York Metropolis and a founding member of The O’Callaghan Thomas Group. She ranked No. 10 on Barron’s checklist for 2023. Her nine-member staff manages $5.3 billion in belongings for 68 shopper households with a typical internet price of $75 million.
Who Are the High Ladies Monetary Advisors?
Essentially the most well-known within the area is private finance knowledgeable Suze Orman. Orman, who hosted “The Suze Orman Present” on CNBC for 13 years, began her profession as a stockbroker at Merrill Lynch. As well as, Barron’s publishes an annual checklist of the highest 100 girls monetary advisors, primarily based on belongings underneath administration (AUM) and high quality of apply. In 2023, the highest advisors included Karen McDonald, Holly Newman Kroft, Valerie Newell, and Deborah Montaperto.
What Are Property Underneath Administration (AUM)?
Property underneath administration (AUM) is the full market worth of the investments that an individual or entity manages on behalf of shoppers. AUM definitions and formulation fluctuate by firm or monetary establishment.
How Can I Discover a Girl Monetary Advisor?
The Backside Line
Though most well-known girls monetary advisors aren’t family names, their accomplishments are noteworthy. And whereas the full variety of girls within the monetary providers business is low, this checklist of achieved girls clearly demonstrates the abilities and expertise wanted to thrive in a historically male-dominated area.