One of the most important issues facing the U.S. is the savings and wealth of individuals. Offering insights gleaned from two decades on Wall Street, and running two of the largest wealth management businesses in the world, Sallie Krawcheck offers an insider perspective into what works and what doesn’t in investing, saving and navigating Wall Street. In this talk, she points to conventional wisdom that no longer works, continuing areas of risk in the industry and a path forward for the industry and for navigating the industry.
The wealth management business is the subject of much commentary by industry pundits…a good portion of it wrong. The business is in many ways stronger than conventional wisdom would have it—but faces some significant obstacles and headwinds that if not addressed will have a meaningful impact on the business (as well as its cousins, the asset management and research businesses). Having run two of the largest wealth management businesses in the world, Sallie Krawcheck offers insider insights, many counterintuitive, into the business that financial services professionals will find useful as they participate in, partner with or serve that business.
As a top-ranked research analyst, a chief financial officer and senior manager in financial services over the past 20 years, Sallie Krawcheck has an unmatched perspective on the financial services industry. It is an industry whose future is uncertain, given stepped-up regulation, populist anger, an unfavorable operating environment and the increasing importance of technology. Unraveling the secular from the merely cyclical is challenging but crucial, both for the industry, as well as for the broader economy. Krawcheck does so with an insider’s knowledge and an analyst’s perspective.
Sallie Krawcheck has been on the front lines of financial services for the past two-plus decades. During that time, she has led and managed complex businesses through some of the most volatile markets in history. At the same time, she has had a front-row seat in working directly for seven financial services CEOs, at all points in their career spectra, gleaning important insights into leadership during crisis on what works and what fails. Offering sharp insight, laced with humor, Sallie Krawcheck lays out the most important lessons in leadership, and particularly in leadership under fire.
The U.S. is in the midst of a financial planning crisis and nowhere more so than among women. Women live on average six years longer than men, but save just two-thirds as much for retirement. The causes are widespread, from earning less than men at every stage of their careers to outsourcing financial management to the men in their lives.
This talk can be tailored to women’s groups looking for how to engage on this, or to financial services firms who see this as a business opportunity:
For women’s groups – Krawcheck brings practical advice and tips, learned both from her business background, as well as from her own personal experience, for women at every stage of their lives.
For businesses – The business opportunity that this presents is significant, but it’s not as easy as putting a pink bow on the checking account. Many firms have failed in the pursuit of women. Krawcheck offers insights into this important and growing market, which derive from her business as well as her personal experiences.
Krawcheck has been on the front lines of financial services for the past two-plus decades. During that time, she has led and managed complex businesses through some of the most volatile markets in history. At the same time, she has had a front-row seat in working directly for seven financial services CEOs, at all points in their career spectra, gleaning important insights into leadership during crisis on what works and what fails. Offering sharp insight, laced with humor, Krawcheck lays out the most important lessons in leadership, and particularly in leadership under fire.
Historically the most senior woman on Wall Street, Sallie Krawcheck has a record of turning around financial services businesses, even during the financial crisis, by employing an intense and unique client focus that earned her the title “The Last Honest Analyst.”
As the only senior Wall Street executive to reimburse a portion of client losses for poorly performing products during the downturn and with her varied experiences as a senior manager, chief financial officer and research analyst, Sallie Krawcheck has been called “caps off… the most fascinating 10-year biography during this period of financial tumult” by Bloomberg Businessweek. Given her experiences, she provides unique and powerful insider insights into financial services, wealth management, personal financial matters and business management, delivered with her trademark candor. Krawcheck is past president of Bank of America Global Wealth Management, including Merrill Lynch, which at $17 billion in revenue and $2.2 trillion of client assets is the largest wealth management business in the world. At Citi, she ran Smith Barney and the Private Bank and also served as CFO. Prior to that, Krawcheck was a number-one-rated research analyst covering Wall Street itself. A perennial on FORTUNE’s “Most Powerful Women” lists, she was one of TIME magazine’s “Global Business Influentials” and CNBC’s “Business Leader of the Future.”