Glenda leads a national practice of banking professionals to help individuals, business owners and companies improve their financial plans through sophisticated lending solutions. From premium finance to specialty lending for art, aircrafts and yachts, her practice is committed to helping clients make more strategic financial decisions.
Family dynamics are complicated and sometimes money makes them more so. Wealthy families face complex and difficult situations. Advisors need to have the right level of expertise and sensitivity to help manage these complicated dynamics.
"Wealthy families face complex and difficult situations. Advisors need to have the right level of expertise and sensitivity to help manage these complicated dynamics."
Our industry is getting better at taking the time to actively listen to what women have to say about their priorities rather than assuming we know what they are. The industry generally is becoming a lot more invested in women as an independent client base, but room for improvement certainly exists. For example, many women are reluctant to take on debt even if they know the growth potential is high. We try to educate clients on the opportunities and tradeoffs of taking well-educated risks.
“When the whole world is silent, even one voice becomes powerful.” – Malala Yousafzai
The role women play in business and family finances has changed dramatically. However, in my experience, women still rarely make financial decisions without factoring in the ripple effect for their family. While this is largely a positive approach, it can impact their willingness to take risks. In our banking practice at Northern Trust, we overcome this challenge by helping clients approach their balance sheet more holistically and opportunistically – illuminating what is possible through strategic leverage.
"I have found it is important to allow kids the opportunity to make financial decisions on their own and learn from their mistakes."
When it comes to credit, parents want to instill healthy credit habits in their children. From personal and professional experience, I’ve found it is important to allow kids the opportunity to make financial decisions on their own and learn from their mistakes. When it comes to credit, we would be wise not to just pay off their bills for them. Even if we are providing financial support, we should enable them to manage their own credit obligations and to understand what happens with good and bad choices around credit when they are young and it is safer. By the time they make bigger lifetime decisions, such as purchasing their first home, they will better understand the importance of healthy credit behaviors.
Glenda is an active member of the University of Miami Center for Autism and Related Disabilities and The Social Cog. Both of these organizations work to raise awareness, provide support and create opportunities for people with autism. She previously served on the Board of Directors of Miami Mental Health Center and Community AIDS Resource.
Our Wealth Management group offers services and solutions to a wide range of clientele. Some of our key clients include: