Episode 29: Investing in Gender Parity
Guest: Eve Ellis
Welcome back! I hope you’re still enjoying some nice, warm weather – wherever you may be. I am excited for this week’s episode of Women Rocking Wall Street because I have the pleasure of speaking with Eve Ellis, Financial Advisor with The Matterhorn Group at Morgan Stanley.
Competitive by nature, Eve started her career as a professional tennis player. Having served her well on the court, she now uses her competitive drive to help her clients prepare for their individual financial goals. In addition to supporting men, women and nonprofits, Eve is also the portfolio manager for The Parity Portfolio, a capital investment strategy that only buys into companies that has a minimum of three women on their boards.
According to Eve, gender parity on S&P 500 company boards are minimal and the progress is slow. Over the past two and a half years, the number has only increased by 2.3%. Although Eve is working to change that, she is also benefiting her clients. Research indicates that corporate boards that have three or more women have a 46% higher return on equity, 60% higher return on invested capital and 80% higher return on sales.
If you’re a woman struggling to make your way in your industry, Eve recommends that you speak up with authority and remind yourself that men should just “move over.” We have a responsibility to bring along other women, be supportive and educate others about this issue. Together, we can create gender parity.
If you’re a longtime listener of Women Rocking Wall Street, you’ve heard me mention the 30 Percent Coalition (of which Eve is a member of). If you’re new to the podcast, you can learn more about this initiative by listening to these past related podcast episodes: “What’s Behind Your Investments,” “Let’s Get to 30%,” and “The Getting Along Paradigm”. To learn more about Eve, you can find her on LinkedIn.
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