How UBS’ Ellen Pierce Mentored Dozens of Female Advisors
February 15, 2019 by Ginger Szala
Lucky enough to be mentored by her grandfather who was an investment advisor, Ellen M. Pierce has paid it forward, and during her 30-year career in the advisory field, she has mentored at least 75 protegees, mainly women.
“[Why] women are so critical [in the business] right now is because we still are in a predominately male-dominated world,” the Mid-Atlantic market director for UBS Financial Services told ThinkAdvisor. “More wealth is transferring to women over the next five to eight years. … The strongest teams that we have are ones that do have diversification and different points of view, because most women want to work with women.”
The “Great Wealth Transfer” is estimated at $59 trillion, according to Bankrate. A Boston College study found that women would get 70% of the wealth transfer and will possess two-thirds of the nation’s wealth by 2030. With that in mind, Pierce is helping prepare the next generation of advisors for the future.
Pierce started her own career, after having two children, at Dean Witter, which became Morgan Stanley. She joined UBS in 2004. Today she runs nine offices across Delaware, Maryland, New Jersey and Virginia.
Click HERE to read the full story via ThinkAdvisor.
