Guest Columnist Gerri Leder

How a Vermont janitor's $8-million bequest highlights lessons for advisors found in Tom Stanley's bestseller, 'The Millionaire Next Door'

GerriLeder: These secret millionaires ... drove 12-year-old cars, lived in the same small house for more than 30 years and worked until after dark every day into his 70s.

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Gerri Leder

Tom Stanley

William Danko

<p>The RIA business is many good things but integrated from a gender standpoint is not one of them. This is not so great. Women are the majority of humanity and they have an asset-building strategy that can't be beat. Women outlive their beer-and-steak mates and end up with big estates. But today's women have too another strategy -- pursuing wealth in the workplace. Yet when they go to find fellow women to talk all this through with, they don't readily find them.</p> 

<p>Companies big and small have for decades fallen over themselves to say that they have women's initiatives but I can't think of one that has amounted to much. But there are stories-- dozens or hundreds -- of them about women exerting their influence on this business and we are starting to collect them. It's a starting place -- documenting the ground being covered by women in the form of engaging tales graphically depicted by the physiognomy of the fairer sex.</p>

Women of Wealth Management

Mercedes and McMansion owners aren't always 'Prodigious Accumulators of Wealth,' according to the late advisor and researcher

How a Vermont janitor's $8-million bequest highlights lessons for advisors found in Tom Stanley's bestseller, 'The Millionaire Next Door'

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How a Vermont janitor's $8-million bequest highlights lessons for advisors found in Tom Stanley's bestseller, 'The Millionaire Next Door'

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