Sallie Krawcheck: 'Companies Should Do Better'

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 26 February 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ellevest founder discusses how advisors fail their female clients, the lack of gender diversity in financial services, and why firms should be working to close the gender pay gap.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York. Purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.7	I'm Jeff Battack, Global Director of Manager Research for Morningstar Research Services.
0:37.0	And I'm Christine Ben's, Director of Personal Finance for Morningstar, Inc.
0:40.5	Our guest on the podcast today has been called one of the most powerful women in finance.
0:45.0	Sally Crawcheck started her career as an equity analyst at Sanford C. Bernstein,
0:49.2	who a reputation for impartial advice and criticism of conflicts of advice in the financial services sector
0:54.9	prompted Fortune magazine to call her the last honest analyst. She later moved to Citigroup
1:00.9	where she served as CEO of the firm Smith Barney Unit, City's chief financial officer, and CEO
1:07.1	of City's wealth management business. In the latter role, she was an early advocate of a fiduciary
1:12.6	standard for the brokerage industry. She went on to Bank of America, where she served as president
1:17.4	of the firm's wealth management unit. Sally is currently the CEO and co-founder of Elevest, a digital
1:24.2	financial advisor for women launched in 2016.
1:33.5	She is also owner and chair of Elevate Network, a global network of women committed to promoting gender equality in the workplace.
1:36.2	In the spirit of full disclosure, Morning Star Inc. invested in L of S in 2015 and 2019.
1:43.2	In Morning Star Investment Management, LLC, a subsidiary of Morning Star, Inc., provides
1:47.7	consulting services to L of us with their core portfolios. Sally, welcome to the Longview.
1:53.3	So glad to be here. Thank you for having me.
	...

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