When it comes to managing your finances, finding the right advisor can make all the difference. Lauren, a financial advisor and advocate for women’s financial empowerment, shares her journey of breaking into the industry and the lessons she’s learned along the way. Her story isn’t just about building a career — it’s about the importance of representation, client empowerment, and ethical standards in finance.
The Power of Networking
When Lauren first started out, she faced the same challenge many new advisors do: building a client base. After receiving advice to reach out to her network, she sent letters to everyone she knew. It worked. One of her first significant clients was a 90-year-old woman who specifically wanted a female advisor — a preference rooted in comfort and trust. This experience reinforced how essential personal connections and community support are, especially in male-dominated industries like finance.
Why Representation Matters
That 90-year-old client’s story highlights a bigger issue in the financial sector: the need for more female advisors. Many women feel more comfortable working with female professionals who understand their experiences and concerns. By seeking out female financial advisors, clients not only get support tailored to help their needs but also help increase demand for women’s representation in finance.
Client Empowerment and the Right to Choose
One of the most powerful messages Lauren shares is that clients should feel empowered to interview multiple advisors without feeling obligated to choose any of them. Finding the right fit is essential, and you deserve to work with someone who respects your goals and values. If an advisor pressures you into making quick decisions, take it as a red flag.
The Importance of Fiduciary Advisors
Not all financial advisors are created equal. Lauren emphasizes the importance of working with fiduciary advisors — professionals legally bound to act in your best interest. This is different from the suitability standard, which only requires advisors to recommend products that are “suitable” but not necessarily the best option for you. Knowing the difference helps clients make informed, confident choices.
Building Long-term Relationships
Lauren’s long-standing relationship with that first major client shows the value of trust and mutual respect. A strong advisor-client relationship goes beyond numbers — it’s about understanding life goals, personal circumstances, and evolving needs. When you find the right advisor, that partnership can become one of the most supportive aspects of your financial journey.
Take Control of Your Financial Future
Your financial well-being deserves thoughtful, personalized advice. Don’t be afraid to interview multiple advisors, ask questions, and advocate for your needs. And if working with a female advisor feels right for you, seek one out — your comfort and confidence in this partnership matters! Don’t hesitate to reach out to Somerset if you are interested in learning more about our services.
The most important thing in my life is my family. My husband, Andrew, and our three smart and brave daughters.