Products October 24, 2017

Lawton Retirement Joins Firms Making Diversity Push

The firm is partnering with bilingual education expert Rebecca Heaton Juarez to deliver broader-based financial wellness and participant educational services in multiple languages.
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Lawton Retirement Plan Consultants LLC has formed an association with bilingual education expert Rebeca Heaton Juarez to provide bilingual financial wellness and 401(k) plan participant educational services.

Heaton Juarez is lauded by Lawton for her six years of service in the U.S. Air Force. The firm also highlights her “seven years of experience teaching, leading and educating” in the Milwaukee Public Schools, at the Milwaukee College Prep School and as part of the City Year and AmeriCorps service programs.

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More information on Heaton Juarez’s background is available on the Lawton Retirement Plan Consultants website. In her new role, she will formally become director of bilingual employee education at Lawton Retirement Plan Consultants.

It should quickly be noted that other retirement plan services firms have recently announced their own efforts to expand the cultural awareness and diversity of their products, services and work force. The same is true when it comes to efforts to boost the number of women working in the financial services field. 

Data & Research October 24, 2017

Women Projected to Be Significantly Less Affluent Than Men, UBS Finds

The difference owes to the pay gap between men and women, the tendency of many women to take a career break to raise or care for family, and women’s longer life expectancy.
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Women are projected to have significantly less wealth than men in their lifetime, UBS says in its report “Taking Action: How women can best protect and grow their wealth.”

The reasons for the disparity are varied, though not unexpected. For one, a 21% pay gap exists between men and women; additionally, women tend to leave the work force to raise or care for family, and to live longer, UBS says. In the U.S., women are projected to live 6.7 years more than men. Women are also more likely to work part time, and they tend to invest more conservatively, UBS says.

However, the firm says, if women invest in a disciplined way and take the appropriate level of risk, they can be better prepared for retirement. Women are more likely to remain invested in the markets than men and less likely to try to time the market, UBS says.

The firm moreover says that women want to invest in companies that “have a meaning and purpose for them. They are also more inclined to invest in businesses with diverse leadership.”

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