Designed to distill the central aspects of successful financial behaviors, skills and strategies, while including women in the dialog, the roundtables will launch on both October 5, 2011 and October 19th, 2011 in Menlo Park, CA.
All proceeds from the roundtable guided discussions will benefit the philanthropic activities of the Women's Achievement Network and Development Alliance (WANDA) for their outstanding work in their mission to increase the financial literacy and economic self-sufficiency of low-income single mothers in San Mateo County. Ms. Dentino has also selected the Deggleman.Parker Group investment advisory as the host organization in view of their ongoing commitment to promote transparent and impartial financial education for women.
“While women are now registering high on everyone’s radar as a vast potential revenue source, that certainly wasn’t the case in 1985 when, as a new stockbroker, I created among the first financial education exclusively for women, “says Ms. Dentino. “Back then, my managers scoffed at the notion”.
Thankfully things have changed in the last 26 years. Dentino notices almost on a daily basis where women’s collective economic power is cited in various contexts reaching from Wall Street to the global economic stage. One recent example comes from the President of the World Bank, Robert B. Zoellick, and the op-ed he published entitled: “Empowering Women Powers Nations”.
“Unfortunately there is still a disparity between the recognition of women’s economic clout and the resources available to them for relatable financial literacy and education,” states Ms. Dentino. “Women’s greater longevity (vs. men’s) leads to their control of the majority of financial assets in this country. But that is mainly by default rather than their having utmost confidence in their financial abilities and proactive planning”.
A recent study from the World Wealth Report released by Capgemini and Merrill Lynch shows that 37% of high-net-worth individuals in the U.S. are now female. While this information helps to raise their visibility to Wall Street, it also places them in a highly sought-after, and sometimes vulnerable, category.
“My platform has always been about taking complex theoretical concepts and breaking them down to inclusive, accessible and relatable information that women then grasp readily,” states Ms. Dentino. “The financial roundtables are one more extension of equalizing the skills gap, and are non-sales promotion driven”.
Although women’s rising economic power is now well-documented, it occurs largely as a result of sudden change events, with divorce and widowhood as the biggest drivers. Financial education and proactive behaviors become ever more important as women have become a highly-courted group by Wall Street.
“As a purely educational platform, we provide financial education, content, consulting and speaking services only to those advisory firms that have demonstrated an authentic commitment to women and financial education, “ adds Ms. Dentino. “For this reason we’re pleased to work with the Deggelman.Parker Group based in Menlo Park, as they meet the high standards we expect. We’re also excited to work with WANDA as the recipient of all proceeds, as they are local and their programs fulfill a great need for developing financial literacy among women who typically don’t have access to it”.
The roundtables are designed to give women a place in the discussion as well. In addition, by working across multiple platforms between organizations - both for-profit and non-profit - Ms. Dentino feels that more awareness is shed on the issues, barriers and myths that still keep some women from having the confidence to fully participate in financial decisions that will impact their standard of living … possibly forever.
For more information or to register, visit: http://www.thefinancial411.com/
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Pioneer in financial education for women, Teresa Dentino, CEO/Founder of The Financial 411, with 26 years board-level financial services background, is a consultant, educator, author and speaker. Creator of Women Get Financially Fit book series and plan.