Invesco partners with Bauer to provide practical advice on money matters
It only takes a couple of statistics to illustrate how often women are left alone to take care of their finances. “The average age of widowhood is 56,” says Invesco divisional director Janice Cellier. Not to mention that half of all marriages end in divorce.
And what about the financial concerns of single women, female entrepreneurs and people with aging parents?
To address these and other such money matters, the University of Houston C. T. Bauer College of Business will partner with Invesco to stage the first Financial Boot Camp for Women, on Oct. 22 at Cemo Hall. For $25, attendees can pick and choose three 45-minute sessions from a roster of 10, ranging from “Investment 101” and starting a business to elder care and retirement. The event is from 8 a.m. to 2 p.m. on the Saturday of UH Homecoming Weekend. A box lunch is included. Men are of course welcome, too.
“The boot camp could obviously be addressed to anybody,” says Cellier, the Invesco executive who put the program together. “I just think in general it happens that women tend to be more inquisitive. … Ninety percent of women are left making their own financial decisions at some point in their lives. So it makes sense that they need to stop abdicating the role to other people and start taking that responsibility on themselves and getting educated.”
Participants might elect to sit in on “Estate Planning for the Present and Future” (led by Nicole Sain of the law firm OSTROM/Sain, LLP) or “Social Security” (with Cellier). Ashley D. Anderson of Wells Fargo Advantage Funds will lead a segment called “Ten Things Every Woman Should Know About Their Finances,” while attorney Kimberly Hegwood’s “Elder Care” session will discuss Medicaid, powers-of-attorney and long-term care options. (Click here for a complete agenda and enrollment information.)
The relationship between Invesco and Bauer College is hardly coincidental.
In 2000, Charles T. “Ted” Bauer — co-founder of Houston’s AIM Investments, which merged with Invesco in 1997 — gave $40 million to the University of Houston’s College of Business Administration, which now bears his name. Cemo Hall is named for UH alumnus Michael J. Cemo, the former president and CEO of AIM Distributors and another pillar of the Bauer College renaissance. Cellier worked with both men.
“We could not be happier to host this event with Invesco,” says Bauer Dean Latha Ramchand. “The first Financial Boot Camp for Women will honor the legacies of Ted Bauer and Mike Cemo in a very practical way, by giving real-life financial advice to women, who have long been underserved in the investment world.”
Cellier says Bauer would no doubt be delighted by the event, which goes beyond the classroom “to educate people on money, and how to invest money, and how to be self-sufficient with money.”
“He would be pleased,” she said, “that we are partnering with the University of Houston.”
By Wendell Brock