financialplanningforwomen

In this episode, Kay Lynn Mayhue, President of Merit, and host, Jordan Johnstone, talk about why financial planning can be an uncomfortable process, which can also lead to some mistakes or missteps when approaching your finances as a professional woman. Kay Lynn also shares her financial planning top win and biggest mistake, and offers advice on how to start financial planning, no matter where you are in life.

To help you as you wrap up this year and plan for the next one, we are dedicating the month of October to talking about financial planning—what it looks like, how you do it, and why it’s so important.  Join host Jordan Johnstone as she interviews Kay Lynn Mayhue, President of Merit, which manages over 5 billion in RIA and Brokerage assets under management. Kay Lynn is passionate about helping people take their careers – and themselves – to exceptional levels, which is exactly what we hope you are able to do with the resources that 4word provides this month!

Olivia Summerhill, the founder of the financial consulting company Summerhill Firm, works with affluent women through the divorce process, helping them to thrive post-divorce. Olivia firmly believes that women need to discover where they want to be and who they want to be before the divorce is final.  Divorce is complicated in any circumstance. However, it is even more complex when those of ultra-high net worth get divorced, and Olivia has suggestions for navigating through this challenging time. Hear about these suggestions and how bringing in the right professionals at the right time can make all the difference for the affluent woman facing divorce. 

IN THIS EPISODE: 

• [01:40] Olivia Summerhill shares how Summerhill Firm and the skill she brings to the table enables women to thrive post-divorce 
• [02:46] She describes what is involved in the initial meeting with a client and some of the most significant complications a woman faces 
• [04:06] Other professionals become a valued source during the divorce process 
• [10:19] Olivia explains fear's role in the decision-making process. Fear is not only directed at finances but also at self-worth 
• [14:00] Olivia tells why there is not just one way to move on after divorce 
• [15:15] Collaborative divorce versus a divorce that is litigated and the intimidation women feel by the judicial process 

KEY TAKEAWAYS: 

• Therapists, accountants, trust officers, child specialists, and luxury realtors are just a few professionals that may help negotiate a fair settlement.  
• If you want to create a fair playing field, a collaborative divorce is beneficial to both parties. 
• Women not only fear their financial future when getting a divorce, but they can also have fears of self-doubt and failing in another relationship.  

RESOURCES: 

Beyond the Balance Sheet Website 

Summerhill Firm Website 

Olivia Summerhill - LinkedIn 

Olivia Summerhill - Facebook 

BIOGRAPHY: 

Olivia Summerhill is the founder of a financial consulting company, The Summerhill Firm, helping affluent women maintain their lifestyles and thrive post-divorce by educating and empowering them financially. Having over a decade of experience in wealth management and private banking, Olivia dedicates her time to protecting women. Her niche serves famous and high-profile women who need help navigating the financial complexities of divorce. She also consults with financial advisors and family offices to help their clients avoid divorce mistakes. Olivia is often highlighted in Forbes, US News, MSN, and other national media. In addition, she hosts a money coaching podcast called 'Divorce for Wealthy Women.' Among numerous other designations in finance, Olivia is a Certified Financial Planner, Divorce Financial Analyst, Divorce Specialist, Money Coach, and Psychology of Financial Planning Specialist. 

On this episode, Valkyrie Lang, Investment Advisor Representative at Chisholm Trail Financial Group, an independent financial planning firm in Austin, TX, lists out the financial goals all women should aim for and how anyone can start making their financial future more secure, no matter your starting point.

Click the link for this episode's links and resources: https://4wordwomen.org/podcast/episode-22-what-financial-planning-looks-like-for-women/