Pax World Launches Women & Wealth Initiative for Financial Advisors

PORTSMOUTH, N.H.///July 16, 2012/// Pax World Management LLC, investment adviser to Pax World Funds (Pax World) and a leader in the field of Sustainable Investing, announced today the launch of its Women & Wealth initiative, a program which offers comprehensive tools and solutions to help investment advisors and financial planners more effectively cultivate lasting relationships with women as clients.

Women’s economic strength and influence are growing rapidly. Women currently control more than $20 trillion in investable wealth globally, and that is expected to grow at an annual rate of 8% through 2014.1 Women own $16.2 trillion of U.S. household assets and are now the sole head of 32% of households.2 Yet, 70% of widows fire their financial advisor within the first year.3   

“The Women & Wealth initiative is meant to help advisors better serve current and prospective female clients, whose investment needs can sometimes differ from those of men,” says Joe Keefe, President and CEO of Pax World. “The program broadens our offering of products and other tools to help advisors reach this underserved market.”

Through the Women & Wealth initiative, Pax World will offer advisors access to workshops on best practices for working with women investors; retail presentations on financial well being for women; one-on-one assessments and planning sessions; and additional tools including a primer for better client meetings and a questionnaire to help advisors assess their current practice with a gender lens. This unique combination of offerings is specifically designed to help advisors better understand and engage women, and to help advisors develop a richer practice around serving women investors.

Kathleen McQuiggan, Senior Adviser of Gender Diversity Initiatives at Pax World, leads the company’s gender advocacy initiatives and will be managing the Women & Wealth effort.  “As I travel around the country working with financial advisors, both male and female, I see a great opportunity for more firms to empower women through improved financial advice and services,” said Ms. McQuiggan.  “I am excited to work on this groundbreaking initiative, which adds to Pax World’s existing women’s empowerment platform.”

Pax World is actively engaged on issues involving gender equality and women’s empowerment, and has long included diversity analysis and other gender criteria in the research it conducts for its mutual funds. It also manages the Pax World Global Women’s Equality Fund (PXWEX), the only mutual fund in America that focuses on investing in companies that are global leaders in advancing gender equality and women’s empowerment. Pax World opposes all-male corporate board slates in its proxy voting, and last year launched a “Say NO to All Male Boards” campaign aimed at rallying other individual and institutional investors to similarly oppose director slates that do not include women.

About Pax World Management LLC
Pax World Management LLC, the investment adviser to Pax World Funds, is a recognized leader in Sustainable Investing, the full integration of Environmental, Social and Governance (ESG) factors into investment analysis and decision making. Pax World launched the financial industry’s first socially responsible mutual fund in 1971. Today, Pax World offers a comprehensive platform of Sustainable Investing solutions including Pax World Funds, a family of no-load mutual funds; ESG Managers® Portfolios, multi-manager asset allocation funds powered by Morningstar Associates; and ESG Shares®, the first family of exchange traded funds (ETFs) devoted exclusively to a Sustainable Investing approach. For more information, visit www.paxworld.com.

1“Power Unused Is Power Useless” – Jacki Zehner Blog, stat from presentation at 48th AFP international conference of the Association of Financial Professionals.

2Hearts & Wallets LLC. “Quantitative Panel 2011 Insight Module: Understanding Women Investors.” February, 2012.

3Wojnar, Kristan, and Chuck Meek. “Women’s Views of Wealth and the Planning Process; It’s Their Values that Matter, Not Just Their Value.” Advisor Perspectives. March 1, 2011.

An investment in the Funds involves risk, including loss of principal.


Distributed by ALPS Distributors, Inc., Member: FINRA.



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