WISE PODCAST

Wealth Building Tips for Women

Featuring Kimberlee Davis, J.D., CDFA®

Building wealth might sound like an overwhelming goal — but it’s not as hard as you might think! Once you understand the importance of a positive money mindset and the basics of financial literacy, you'll be surprised to find that building wealth is easier than you thought.

• Discover the five steps to financial freedom.

• Learn the key fundamentals to being a fiscal feminist.

• Walk away with actionable takeaways that will set you and your heirs on a path to financial independence.

  
  

KIMBERLEE A. DAVIS, J.D., CDFA®

MANAGING DIRECTOR, PARTNER

Kimberlee Davis is a Wealth Manager, Certified Divorce Financial Analyst, host, and author of The Fiscal Feminist, a book and podcast about women and their relationship with money and finance. Her mission is to help women of all ages and wealth levels embrace their responsibility to themselves to achieve solid financial footing. Kimberlee has more than twenty-five years of finance, legal, and corporate experience. She is currently a Managing Director and Partner at the private wealth management firm, The Bahnsen Group.

Gena Reed’s philanthropic journey began in high school, where she led a team supporting a young African girl, Emma, needing financial aid for school and food. Many car washes and brownie and cupcake sales were involved. Thus, Emma was the genesis of Gena supporting others less fortunate. After university, her career at a major pharmaceutical company was very successful, having been put on a “fast track.” In 1990, she and her husband launched a contract research company and grew the business into an global enterprise, having offices in the U.S., U.K., Poland, and India. She continued to support philanthropic groups, including the environment, women’s rights, and the childhood education. Working with Girls Inc. and Samueli Academy made her realize how uneven the playing field still was for girls and women. She became committed to supporting them offering college scholarships. While attending a Spanish immersion program in Guatemala, she saw the same struggles for the girls there, which resulted in her building a training center in one of the poorest communities of Panajachel, Guatemala.

“I have been very fortunate and am compelled to help others so they can have an opportunity to be successful. I believe women belong in all places where decisions are being made and therefore focus on the education of girls, women, political action, and civil rights.” – Gena Reed

Reshma Kapadia is one of the most admired and influential financial journalists in this country.  As Associate Editor at Barron’s Reshma is a member of the team that screens the 100s of nominations for their most influential women in finance list.  Hear WISE CEO, Angela Dailey interview Reshma about the getting this list together and the stories behind the names:

- What does it take to make the list?

- How has the list evolved?

- How close are we to parity in finance?

- Hear why these uber successful women believe in mentorship/sponsorship and paying it forward

Julie Hill is one of the highest profile and respected member of the Orange County business community and well known as a business leader, entrepreneur and philanthropist on the world stage.  Julie spoke candidly to WISE CEO, Angela Dailey, about her career as CEO and corporate board member sharing the strategies that led her to the pinnacle of the corporate world. Some of her insights are counterintuitive so you don’t want to miss this podcast.  The fascinating wide ranging discussion covers such wisdom as:   

- When opportunity knocks, just say YES

- Confidence – a critical attribute to success

- How to prepare for career moves – you don’t need to check all the boxes

- How to integrate into new business communities

- Lifting the curtain on corporate board rooms

- The importance of paying it forward by helping to advance women

Julie Hill is a member of the board of directors of Anthem (a Fortune 50 company and the largest U.S. health insurance company by member), The Lord Abbett Family of Funds, (a $180 billion New York-based mutual fund management firm), and UNYQ, a Silicon Valley based medical wearables company. She was previously on the board of Lend Lease, based in Sydney, Australia, (a $9 billion international construction, development, investment and management firm, publicly traded on the Australian exchange), and Holcim (US), the US operation of a Swiss company, as well as several other public corporate boards. Ms. Hill founded Hillsdale Development, a home building and land development company based in Newport Beach, California, in 1998, which she sold in 2003, and The Hill Company, which has a portfolio of interests. From 1991-1998, Ms. Hill was president and chief executive officer in the US of Costain Homes, a division of the Costain Group based in London, England. She was previously a senior executive with Mobil Land Development Corporation in Atlanta, Georgia, a division of Mobil Oil.

Ms. Hill is active in numerous philanthropic endeavors. She is currently Chair of the Board of Trustees of the University of California at Irvine (UCI), and is a past Chair of the UCI CEO Roundtable. She is a board member of Leaders’ Quest, and the Alliance for SoCal Innovation. She was a long-time Chair of the board of directors of Human Options, a shelter for abused women and children. As CEO of Costain Homes, the company built the ULI award‐winning domestic violence shelter. She served on the board of directors of the Orange County Community Foundation. She is a member of the International Women’s Forum and Los Angeles Trusteeship, and is a prior member of the Women’s Leadership Board of the Kennedy School of Government at Harvard. She has traveled to Burma to work with refugees, is a champion of various human rights organizations and several international women’s rights philanthropies.

She is past Chair of the Paul Merage School of Business board, and has served in various other capacities for the School of Social Ecology, the School of Biological Sciences, the School of Humanities, and the Women’s Opportunities Center. She has received the Amelia Earhart Award from the Women’s Opportunities Center, as well as the Glass Ceiling Award from the American Red Cross.

Ms. Hill earned a bachelor of arts degree in English from UCLA, and a master’s degree in marketing from the University of Georgia. She lives with her family in Newport Coast, California and London, England.

Mercedes Shaffer is interviewed by Trae Lewis and shares her tips, pros and cons of buying a home in this current high interest rate environment, including advice for first time buyers and first time investors.  

Mercedes Shaffer is an expert in Orange County real estate and has over 20 years of experience buying and selling properties and maximizing real estate investment portfolios. She has a keen understanding of the complexity and nuance of local markets and a deep expertise in evaluating property as an investment. She provides clients with unmatched service and insight, and unique data analysis and investment modeling tools. She brings her passion and attention to detail to help clients define their objectives, target the right properties, and negotiate the most advantageous deal. She is sought after by local, national and international clients alike and works with the full range of clients from first time home buyers to savvy multifamily investors.  Mercedes is a real estate agent with Coldwell Banker, helping you build wealth one door at a time.  

Jenny Guo was interviewed by Angela Dailey and discussed the strategies for passive investing in real estate for income and capital appreciation, outlining the benefits and downsides of each.  

Jenny is a Managing Partner at Vertical Street Ventures, which was established to help individuals achieve their financial goals through passive investing in real estate. As one of the Founders, she currently oversees Asset Management and Investor Relations. Her Real Estate Portfolio includes Single Family Homes and over 950+ Multifamily Units across the country.
Prior to becoming a full-time Investor and Operator, Jenny was a Sales Director at Procter & Gamble for 13 years working on brands like Dawn, Cascade and Swiffer. She managed cross-functional teams and developed National Sales Strategies for the company's Billion Dollar Brands including Dawn and Cascade.
Jenny graduated from the University of Arizona with a degree in Business Management and received her MBA from the University of Minnesota.
To learn more about how to achieve sustainable passive income - visit www.VerticalStreetVentures.com.

Women Investing in Security and Education (WISE) Chapman University Argyros School of Business and Economics Invite you to an Exclusive Presentation Tearing Down The Pink Wall Speakers: Samantha Foster, Managing Director, Russell Investments Molly Murphy, Chief Investment Officer of the Orange County Employees Retirement System Natalie Trevithick, Director, Payden & Rygel MODERATOR: Consuelo Mack | Founder and Host PBS WEALTHTRACK You will hear our panelists cover: Careers - Why companies with diverse leadership teams and workforces tend to perform better and attract more skilled talent than their peers - Why women are a very small minority of financial career candidates and how companies are actively seeking to increase workforce diversity - How crazy do you have to be to choose a career in finance? - What does it take to Tear Down the Pink Wall? Investments to Build Wealth - Opportunities in equity, fixed income and alternative investments - How technology is reshaping financial markets - Trending Topics: Private equity, activist investors and venture capital Learn More: https://www.wiseinvestors.org/single-post/webinar-investment-and-career-perspectives-from-powerful-women-in-finance

Stephanie King, WISE® Board Member, interviews Laura Tarbox, CFP® about the importance of asset allocation.

In this interview you will learn:

• How an investor’s decision regarding mix of assets impacts future returns
• What factors to consider when tailoring an investment portfolio to suit your needs
• The role diversification plays in risk management
• How disciplined rebalancing (to keep asset allocation in line) can help an investor buy low and sell high

Career Inspiration from an Entrepreneur in Financial Planning & Investing: Laura Tarbox, CFP, Tarbox Family Office

• Seek opportunities to get involved in your industry
• Embrace risk
• Be yourself – don’t be afraid of standing out

Upon completing an English degree at UCLA, Laura naturally became a stockbroker. After obtaining the CFP license in 1984, she shifted her focus to financial planning and founded her Registered Investment Advisory firm in 1985. Tarbox Family Office, Inc. is headquartered in Newport Beach, CA, with an additional office in Scottsdale, Arizona, and employs a team approach in offering comprehensive wealth management services to a small group of families. As of 12/31/21, the firm directly managed over $1 billion in client assets. Laura has served on both the Charles Schwab and TD Ameritrade Institutional Advisory Boards, the CFP Board of Examiners, the National Board of the Institute of Certified Financial Planners, and is a past President of the Orange County FPA. She has been part of the adjunct faculty of the College for Financial Planning, USC and California Lutheran University, and taught financial planning classes in the certificate program at UC Irvine for 20 years, where she was the Program Director. Laura was chosen from over 800 UCI Extension instructors to receive the Distinguished Instructor Award and is the founding Dean of the UCI / CFP Residency Program, a week-long case study program for new CFPs.

Frequently featured in the local and national media as an expert on financial planning and investments, Laura has also been retained as an expert witness in insurance and investment cases. She is a California Licensed Professional Fiduciary and a private trustee on several trusts. Laura has volunteered her leadership and financial skills for organizations including Foundation for Financial Planning, Laguna Beach Community Foundation, Laguna Canyon Foundation, Laguna Beach Schoolpower Endowment, Child Aid and United Way. Laura Tarbox has been recognized as one of the “Best Financial Advisors” in the country by Worth magazine and was named one the country’s “100 Great Financial Planners” by Mutual Funds magazine.

Contact: laura@tarbox.com

Recent statistics show there is one divorce in America every 36 seconds.  That equates to 86 divorces per hour, 2,400 divorces per day, 16,800 per week, and 873,600 divorces per year!  This could affect you or anyone you know.

Sign up for our WISE Empowerment webcast event to see Inspired Financial's panel of divorce professionals.  They will discuss the divorce process in general, and provide specific things to consider and actions that can be taken before divorce has been initiated, during the divorce process and once the divorce has been finalized.

Part of the discussion will revolve around what is prohibited and permitted while the marriage is under the jurisdiction of the family law court, including estate planning considerations.

Join us to receive invaluable insights to assist you, your friends or loved ones in preparing to alleviate as much stress as possible during the legal process.   Not only will our expert panel provide top notch guidance, but participants will also be given an opportunity to ask questions during this 45-minute discussion.

Panelists

• Janet Dockstader, Family Law Attorney, Dockstader & Orliczky, Seal Beach, CA https://dockstaderlaw.com/contact-us/
• Curtis Kaiser, Estate Attorney, Kaiser Law Group, Long Beach, CA https://kaiserlg.com/contact-us/
• Maria Castillo Dominguez, Divorce Financial Planner, Inspired Financial, Miami and Huntington Beach, CA https://www.inspiredfinancial.biz/

Moderator:

• Kahne Krause, Head of Client Communities & VP Dimensional Fund Advisors https://www.dimensional.com/us-en/individual

If you’ve always wanted to invest but have never been sure how to wade into those waters, this is the WISE Empowerment event for you!

In addition to an MBA with a concentration in Financial and Portfolio Management, Evelyn has nearly 25 years’ experience in investments and personal finance to share with us. In this important online event for ALL investors, you will learn:

• What is the first thing to do before investing?
• How to decide where to invest.
• Step-by-step guidance on how to get started.
• When is the right time to invest?
• When is the right time to sell?

Join us as WISE CEO, Angela Dailey interviews Evelyn Zohlen of Inspired Financial and learn how ALL women--young women, housewives, working women, and those entering retirement can invest and position themselves for long-term success.

Evelyn M. Zohlen is the founder of Inspired Financial, LLC.  Inspired Financial is a fee-only wealth management practice that specializes in serving women in transition in southern California.  Prior to founding Inspired Financial, Evelyn was a Relationship Manager at The Vanguard Group.  Currently, Evelyn is a Certified Financial Planner™ (CFP®) professional and serves on the Board of Directors of the Financial Planning Association.  Prior to entering the financial services profession, Evelyn served as an intelligence officer in the United States Air Force.

Stephanie King, WISE® Board Member, interviews Kinnery Patel, an attorney with over 20 years of experience advising legal clients on estate planning, asset protection and estate litigation. Kinnery is currently a Partner at Mozingo & Patel in Irvine, California, and will elaborate on the following points:

• Does every adult need a Will?
• Should I choose family or a professional as an executor?
• What are the important things I need to do before choosing an executor?

Don't miss this important podcast, because later is too late!

Kinnery Patel, Esq. L.L.B. (Honors), L.L.M is an Orange County Attorney, born and raised in London, England, where she completed her legal education and holds an advanced Master of Laws (LL.M) Degree in International Business Law.

Ms. Patel’s focus to practice law is in the fields of Estate Planning, Asset Protection,  Estate Litigation and Business practice.

Ms. Patel is licensed to practice law in:

• All California State Courts and the Central Federal District Court
• The United States Supreme Court
• All New York State Courts
• England & Wales, permitting her to practice in 49 other Common Law Countries
• All European Courts

Ms. Patel was selected as a California Super Lawyer, which rating is the pinnacle of professional excellence, in both legal ability and ethical standards reflecting only the top five (5%) percent of attorneys in California.

If you are interested in learning about resources for women entrepreneurs or securing corporate and non-profit board positions, here's the WISE(R) podcast for you!

Linda DiMario is a mover and shaker here in Orange County. She is Director of Community Engagement for the Octane Foundation for Innovation. In that role, she leads the Foundation's Women Leaders of Octane initiative whose mission is to help women entrepreneurs access resources and extend their impact in the community.

WISE CEO Angela Dailey interviewed Linda on Octane's far-reaching impact in Orange County:

In this podcast you will learn:

· What resources there are for women entrepreneurs which are tailored to women's needs

· How to best position yourself and prepare for corporate board participation

· How non-profits can benefit from Octane's accelerator program

Bonus Feature: Hear about Linda's career journey that enabled her to make a significant contribution to economic development in cities across the country, to meet fascinating people from around the globe, and to be a role model to so many.

Best Advice: Don't let age define you and be true to yourself!

• A donor-advised fund (DAF) is a tax-smart investment fund you can establish for charitable giving
• Streamline the process of donating appreciated securities for you and the recipient of your charitable gift
• Receive an immediate tax deduction; then, recommend charitable grants from the fund over time

Facing a Required Minimum Distribution from a Retirement Account? Consider Making a Charitable Gift

• A qualified charitable distribution (QCD) is a direct transfer of funds from your IRA to a charity
• A QCD may allow a person facing a required minimum distribution to donate funds to a charity tax free
• Feel good donating funds to make a difference during your lifetime

A Rewarding Long-Term Career in Finance: Nella Webster O’Grady, CFP built her skills then launched her own firm

If you missed our event last week, you missed very valuable insights from Karen Choi, Sarah Ketterer and Robin Potts interviewed by Consuelo Mack. In this special conversation with WISE, learn about how to succeed in finance from some of the nation’s best and brightest investors, whose firms collectively manage over $2.5 Trillion in assets, wherein they addressed the following:

●  2022 investment outlook in an inflationary environment for equity, real estate and bonds

●  Frank, honest career advice from incredible role models

●  Inspirational stories on reaching the top echelons in finance

Barron’s, the magazine of record on investments, puts together a yearly list highlighting the most powerful women in finance.  

Curious about how it all comes together and the stories of the women included? 

WISE Chief Executive Officer, Angela Dailey, interviews Barron’s Associate Editor, Reshma Kapedia, for our podcast series.  

They discuss:

-How the list is compiled-Progress in diversity efforts

-Why it is important to highlight powerful women in finance

-Lessons learned from the stories of this year’s survey

WISE Podcasts cover a range of topics from personal finance to career inspiration to be enjoyed at your leisure.  Check them out!! https://www.wiseinvestors.org/podcast

Stephanie King, CFA, WISE board member, interviewed Lindsey Knodel Senior RDS at NuVision Federal Credit Union.

They discussed the following issues:

• Credit unions offer a variety of products similar to banks.
• Credit unions are not-for-profit financial institutions-- owned by and managed to benefit their member customers.
• Credit Unions may re-deploy earnings to their members in the form of higher interest rates on deposits and lower interest on loans.

Don't miss the first in a new podcast series from WISE - a hallmark of our Tearing Down the Pink Wall series.

Laura McDowell is a Director with Schwab Asset Management, and in this special conversation with WISE members, she will give us the strategies we need to stick with a sound financial plan.

In this workshop, Laura  will address the following:

• How to turn personal values and goals into financial action steps.
• How to make investing a meaningful part of your life.
• Best practices for investing with confidence.
• “Stick-with-it” strategies that help you choose logic over panic when the ride gets rough.

Don’t miss this opportunity to learn how “Investing from the Inside Out" puts the heart in the center of investing and helps women focus on what they care about most.  At the end of this workshop, you will learn about her journey to pursue her passion and become an expert in her field.

Biography

Laura McDowell is a Director with Schwab Asset Management responsible for Family Office education supporting Schwab’s Investment solutions.She completed the Certificate Program in Financial Planning at UC Berkeley Extension and is a Certified Financial Planner (™) practitioner. She is an Accredited Investment Fiduciary (AIF), and holds Series 7 and 63 licenses.

* McKinsey & Company - Women in the next wave of growth in US wealth management, 7/20/20

SPEAKERS

• Yana S. Barton, CFA, VP, Director of Specialty Solutions, Eaton Vance
• Ellen Lee, Fundamental Portfolio Manager, Causeway Capital Management
• Sonali Pier, Managing Director, PIMCO

Join us and learn from some of the nation’s best and brightest investors, whose firms collectively manage over $2 Trillion in assets.

Hear about:

• 2022 investment outlook for equity and bonds
• Fascinating personal stories about career journeys that led to the highest levels in finance
• Why companies with diverse leadership teams and workforces tend to perform better and attract more skilled talent than their peers

Stephanie King, CFA, WISE board member, and 17-year veteran of PIMCO, interviewed Tina Schackman, CFA, Principal, Benefit Financial Services Group. They discussed the pros and cons of leasing vs. buying a vehicle, covering these issues: Decision-making guidelines when making a large purchase Key distinctions between a lease vs. a loan Helpful hints when negotiating the purchase or lease of a vehicle Don't miss the latest podcast series from WISE, covering markets, careers and financial education topics - a hallmark of our Tearing Down the Pink Wall series.

SPEAKER

• Tamsen R. Reinheimer, Esq, Mortensen & Reinheimer, PC, Certified Specialist in Estate Planning, Trust & Probate Law
  

Do you already have an Estate Plan or need to start from scratch?  Did you know that changes in estate planning law are being considered in 2021?

Women Investing in Security and Education (WISE) will present a seasoned specialist in Estate Planning to bring awareness to the questions that you should ask to help you avoid mistakes when planning a secure legacy for your family.

• What is Estate Planning and who needs it?
  
• What would an Estate Plan accomplish, and what are the key components?
  
• What are the biggest mistakes people make when planning their estates?
  
• What new laws might affect your Estate Plan?
  
• What action do you need to take now?
  

Join us on August 3 from 5:00-6:15 p.m. PDT when Angela Dailey, Co-President of WISE will interview, Tamsen Reinheimer, attorney at law, who specializes in Estate Planning. After the interview, Tamsen will tell us how she chose her profession, and will tell us about her work that led to the start of managing her own businesses.

Listen to the podcast where Victoria Collins. WISE co-founder speaks to Angela Dailey, WISE Executive Director, about the founding of WISE.  In 1997, a group of women gathered to put on a conference on investing and the rest is history!  Also hear about Victoria’s career journey from a PhD in Psychology into finance.

Stephanie King, CFA, WISE board member, and 17-year veteran of PIMCO interviewed Erinn King, CFA, Managing Director, Payden & Rygel. They discussed the bond market and careers, covering these issues:

• Reasons why investors might consider including bonds in their diversified investment portfolio;
• The variety of investment options within the bond market; and
• The value of mentorship when changing careers

Don't miss the first in a new podcast series from WISE, covering both markets and careers - a hallmark of our Tearing Down the Pink Wall series.