Allie Krawcheck, Former President of Global Wealth Management, Bank of America, and Alexa Von Tobel, CEO, LearnVest, discuss how they're shaking up Wall Street.
Sometimes called the most powerful woman on Wall Street, the former chief of Sanford C. Bernstein and Citi Global Wealth Management is building momentum after almost two years at Bank of America. As head of its wealth business--a division that advises high net worth clients and provides retirement and asset management services--she oversees almost 16,000 financial advisors and $2.3 trillion in client assets. Krawcheck is now focusing on attracting younger clients, who are becoming more risk averse, and women, who live longer and may not feel comfortable with mostly male advisors. Raised in South Carolina, Krawcheck got a bachelor's degree in journalism and an MBA from Columbia University and began her career as an equity analyst.
Alexa Von Tobel
Alexa von Tobel, CFP® is the founder and CEO of LearnVest.com, and the New York Times-Bestselling Author of Financially Fearless. A CERTIFIED FINANCIAL PLANNER™ who attended Harvard College and Harvard Business School, Alexa launched LearnVest in 2009 to pursue her dream of bringing financial literacy and advice to people across the country. Since then Alexa has raised over $45 million in financing from investors including Accel Partners and American Express Ventures.
Sallie Krawchek, former President of Global Wealth Management for Bank of America, attributes the increased riskiness of bank products to easy money games played among institutions while the banks neglected the consumers.