Finance
Patricia Kummer: Women's financial security may be at risk – Douglas County News Press
Looking back 39 years to October of 1985, I finally completed my studies for the certified financial planner certification and was itching to share my knowledge with others. Having just completed almost three years of coursework where I was often the only female in the room, I decided to learn more about why there were not more women in finance. This revealed a myriad of other issues that to this day continue to plague women preparing for retirement. I set off to teach classes at the local library and start writing a finance column for this newspaper to empower others to be financially prepared for an unknown future.
Fast forward to the present day, and I come across a recent UBS study that states 85% of high-net-worth women across every generation still tend to leave long-term financial decisions to their male counterparts.¹ This includes women running businesses, households and managing daily finances for themselves and their families, often spanning three generations.
Early in my career, I studied the different investment styles by gender, which helped me significantly when working with couples who were not always on the same page. I was able to give them permission to think about money differently, because it often means different things depending on if you are the rainmaker or the caretaker. Being on a career track myself, as well as a wife and mother and, yes, daughter, I too was juggling three generations along with both my and my husband’s businesses. I get it: There is not enough time in the day, and you must prioritize.
Gender differences proved fascinating in learning about the hunter-gatherer versus the nurturer. Even though we don’t live in caves anymore and women and men equally have successful careers, those nurturing or hunting instincts never go away. Therefore (and what I love about my husband), men always seem willing to run faster, work harder and do whatever it takes to succeed, in my opinion. This hunter mentality is often mirrored in the male’s investment style. This may include switching out of investments prematurely if they are not performing or always looking for another advantage. Women are more likely to want a plan and be loyal to it for long periods of time before making changes. Both types of investing have their pros and cons.
The female’s nurturing character and the juggling act often left her career or her self-needs last on the priority list. This can equate to lower Social Security due to an erratic work life or time off to stay at home with children or parents — or even following the hunter-gatherer around the globe for his career.
Women and their family members need to know that pensions and Social Security may be lower than those of their male counterparts, and investments may be more conservative. Women also tend to live longer, therefore needing more money. Married women with families may have had less of an opportunity to fund a 401(k) plan, especially if they worked part-time for a while or earned lower wages. It is important to plan well considering these circumstances.
It is crucial to meet with an adviser and start your retirement plan if any of this information sounds familiar for you or someone you know. Education is key, and taking action is now a priority to prepare for the future.
1 “Women Put Financial Security at Risk by Deferring Long-Term Financial Decisions to Spouses,” March 2019. UBS.
Patricia Kummer is a managing director for Mariner Wealth Advisors.
Related
Harley-Davidson’s new CEO wants to transform how people think about the iconic motorcycle brand, so the company is trying something different.
This week, Harley announced a new strategy that focuses on lower-priced bikes, rather than relying on older, more affluent customers to buy its higher-margin touring models.
“Back to the Bricks builds on our core strengths and competitive advantages, harnessing the passion of our riders to deliver profitable growth for the Company and both our dealers and shareholders,” Harley CEO Artie Starrs said this week. “As we drive towards this new phase of growth, we remain committed to the craftsmanship and dedication that define our brand.”
Entry-level Harley-Davidsons cost about $13,000, while the higher-end Adventure Touring models average about $23,250, and the Premium Range &CVO models cost about $38,500, according to Reuters.
Harley’s new strategy targets a core profit of over $350 million from its motorcycle business by 2027 and over $150 million in cost reductions.
To kick off the new strategy, Harley is introducing Sprint, a new entry-level model powered by a smaller 440cc engine, later in the year.
What is Harley-Davidson’s “Back to the Bricks” strategy?
Harley’s new strategy relies on more than just pushing buyers toward cheaper vehicles to increase volume. The 123-year-old company has a set of five pillars on which it is building its future.
Harley-Davidson “Back to the Bricks” 5-point plan
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Deep appreciation of Harley-Davidson’s competitive advantages and legacy: The Company’s iconic brand, diversified and powerful revenue channels, and best-in-class dealer network provide a powerful foundation for growth.
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Renewed commitment to exclusive dealer network to drive enterprise profitability: Harley-Davidson’s dealers are a competitive advantage. The Company is planning actions to enable dealers to double profitability in 2026 and then double it again by 2029.
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Immediate actions to recapture share in areas where Harley-Davidson has right to win: Harley-Davidson has strong legacy equity in existing markets including new motorcycles, used motorcycles, Parts & Accessories, and Apparel & Licensing. The Company’s new strategy is focused on positioning the Company to regain share and drive meaningful volume growth in categories where it benefits from credibility, scale, and deep rider connection.
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Strong financial position with a path to stronger free cash flow and EBITDA margin: Cost and restructuring actions already underway support a path to stronger free cash flow and EBITDA margin over time.
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Bolstered management team with balance of fresh perspectives and institutional knowledge: Harley-Davidson has made a number of leadership appointments that support the Company as it leverages its innate strengths.
Written by Jitendra Parashar at The Motley Fool Canada
Dividend investing can be one of the simplest ways to build long-term wealth while creating a steady stream of passive income. But in my opinion, a good dividend stock is about much more than just a high yield. Beyond dividend yield, investors should also look for companies with durable businesses, reliable cash flows, and a history of rewarding shareholders consistently over time.
That’s exactly why many investors turn to financial stocks. Banks and asset managers often generate recurring earnings through lending, investing, and wealth management activities, allowing them to support stable dividend payments even during uncertain market conditions.
Two Canadian financial stocks that stand out right now are AGF Management (TSX:AGF.B) and Toronto-Dominion Bank (TSX:TD). Both companies offer attractive dividends backed by solid financial performance and long-term growth strategies. In this article, I’ll explain why these two financial stocks could be worth considering for income-focused investors right now.
AGF Management stock continues to reward shareholders
AGF Management is a Toronto-based asset manager with businesses across investments, private markets, and wealth management. Through these divisions, the company offers equity, fixed income, alternative, and multi-asset investment strategies to retail, institutional, and private wealth clients.
Following a 59% rally over the last 12 months, AGF stock currently trades at $16.67 per share with a market cap of roughly $1.1 billion. At current levels, the stock offers a quarterly dividend yield of 3.3%.
One reason behind AGF’s strong recent performance is its increasingly diversified business model. The company has expanded its investment capabilities and broadened its geographic reach, helping it perform well across varying market environments.
In the first quarter of its fiscal 2026 (ended in February), AGF posted free cash flow of $36 million, up 14% year over year (YoY), driven mainly by higher management, advisory, and administration fees. These fees climbed to $92.5 million as demand for the company’s investment offerings strengthened.
AGF has also been focusing on expanding its alternative investment business and introducing new investment products. With strong cash generation and growing demand for alternative investments, AGF Management looks well-positioned to continue rewarding investors over the long term.
TD Bank stock remains a dependable dividend giant
Toronto-Dominion Bank, or TD Bank, is one of North America’s largest banks, serving millions of customers through its Canadian banking, U.S. retail banking, wealth management and insurance, and wholesale banking operations.
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