Rachel Louise Ensign

speaker

574 appearances 12 recordings 1 series first heard Jan 2018 last heard Jan 2024

Rachel Louise Ensign’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Young Investors to Financial Planners: Thanks, But No Thanks · 9 Nov 2021 podcast

It basically administers employee stock plans.

So it's their way in the door for those young, wealthy tech clients who they want to have some kind of relationship with.

And I think their challenge next, which they've talked about publicly, is how do they translate that kind of relationship into the more traditional and much more lucrative financial advisor relationship?

Yeah.

I mean, this has been a huge topic of debate in recent years because of all of the scrutiny that's been given to active investing.

If you can just go on Vanguard or even one of the robo-advisors like Betterment, those are

online firms that just use an algorithm to put your money in a bunch of things.

If you can do that, then what's the point of a financial advisor?

And those firms have gained some traction in recent years because there is a sizable amount of the population that just wants to try to do it themselves and pay lower fees.

And that's really all they think that they need.

But I think the argument for an advisor is that sometimes your financial life requires a lot more than just picking stocks and bonds.

You might be planning for a specific goal.

You might have, you know, with all the tax changes coming up, those are super complicated.

And, you know, so there's like much more that they can do than just pick stocks and bonds for you.

Thanks for having me.

WSJ Your Money Briefing · College Debt Hits Black Millennials Especially Hard · 10 Aug 2021 podcast

Not only do black college graduates in their 30s today have less than one-tenth the wealth of their white college graduate millennial counterparts, but they're even quite far behind their own parents' generation.

Thanks for having me.

So obviously, you know, there has been a massive racial wealth gap in our country between white families and black families since the end of slavery.

And many black millennials went to college hoping to close that gap and instead are finding that they had to take on so much student debt to do that, that it's still dogging them after all these years and making even getting anywhere close to closing that gap pretty impossible.

So what we found was quite stark, and it showed that not only do black college graduates in their 30s today have less than one-tenth the wealth of their white college graduate millennial counterparts, but they're even quite far behind their own parents' generation, you know, if they had gone to college.

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