Celebrating Women in Finance During Women’s History Month
All hail the powerful women who are making strides and breaking glass ceilings in the world of banking and finance! As it is Women’s History Month, the team at Next Generation is shouting out kudos to female visionaries and leaders in the financial realm.
Although women in the U.S. only gained the right to open their own bank accounts in the 1960s, today they are at the helm of global banks as CEOs, presidents, executive VPs, chief strategy officers, risk management officers, senior investment strategists, and many more leadership roles. According to American Banker, this year’s Most Powerful Women in Finance lead major banking institutions, credit card/transaction processing companies, and asset and investment management firms (no surprise, given the organization’s name). You can read about 100 influential women in U.S. finance on Barrons (March 2020 list). For a regular dose of inspiration, you can hear from women about their careers, industry trends, and diversity issues in the Women Leaders in Finance podcast out of London.
Today, the doors are opening to more and more women in the financial industry taking their places at the head of the figurative table in many ways, in fintech, alternative assets, traditional banking and finance, and more.
Among the women we herald are Wall Street veteran Sallie Krawcheck, who founded Ellevest in 2016, in recognition of gender wealth inequality and how the financial industry was not serving women (“built by women+, for women+”). According to its website, the organization’s mission is to get more money in the hands of women, non-binary individuals, and allies. Membership in Ellevest provides access to investing, banking, learning, and coaching.
Currently an organization in Chicago, First Women’s Bank is setting sights on bridging the gender gap in lending by connecting women-owned small businesses with capital solutions. Marianne Markowitz, who was acting administrator for the SBA nationally and regional administrator for its Midwest Region V will be president, CEO and a member of the board of directors of the bank and the company. Amy R. Fahey, whose banking career spanned nearly 29 years at JPMorgan Chase and its predecessor organizations, will be the chair of the boards of directors.
Given her remarkable career in the public and private sectors, we must also include economist Janet Yellen. The current (78th) secretary of the U.S. Department of the Treasury, she was the chair of the Federal Reserve from 2014 to 2018 and the first woman to serve in those roles. She chaired the Council of Economic Advisors in the Clinton administration and is the first person in American history to have led the White House Council of Economic Advisors, the Federal Reserve, and the Treasury Department.
Our praises would be incomplete if we failed to mention Jaime Raskulinecz, founder and CEO of Next Generation, who has nurtured and grown our organization to become two sister firms—one focused on the administration of self-directed retirement plans, the other a custodian for the assets held within our clients’ plans. Her vision, determination and guidance have helped our team develop and expand professionally, so we can help our clients develop and diversify their retirement portfolios with alternative assets. Thank you, Jaime, for all you do for Next Generation and its clients!
This is dedicated to the memory of Ms. Raskulinecz’s mother, Ella Raskulinecz, 1/7/1929-3/12/2021. Ms. Raskulinecz said, “She was an extraordinary woman who was fiercely independent and much stronger than she realized. It is because of her unconditional love and unwavering support that I have become the woman I am today and I cherish every day we had together.” May she rest peacefully.
Roseland company emerges as Next Generation Trust Services
2011-03-04 07:47:40 – After six years of steady business growth, on January 1 Entrust Northeast of Roseland, New Jersey, changed its name to Next Generation TS, LLC. Cofounders, Jaime Raskulinecz, CEO, and Linda Varas, principal, decided to go independent and part ways with the former licensor in order to have full control in all corporate decisions for their successful self-directed retirement business. Next Generation Trust Services focuses on educating people on the ability to invest in nontraditional assets within an IRA and a 401k and the tax advantages associated with them. The company also provides administrative support and account maintenance to clients interested in self-directing their retirement portfolios with investments that are not typically found in an IRA, such as real estate or gold.
Next Generation Trust Services also has a new Web site, www.NextGenerationTrust.com, which includes an informative blog, an online IRS resources guide, a library of transaction forms, a schedule of seminars on self-directed retirement plans, and staff profiles.
“We’ve experienced tremendous growth over the past five years,” explains Raskulinecz, “and I believe that our name change, recent relocation to larger headquarters in
Roseland, and professional staff additions will all serve the company well to keep it headed in the right direction.”
Next Generation Trust Services, headquartered in Roseland, New Jersey, is a professional third-party administrator of self-directed retirement plans. NGTS provides education, administrative support, and account maintenance to individuals interested in self-directing their retirement portfolios with investments that are not typically found in an IRA, such as real estate and gold. Self-directed retirement plan assets can be used to purchase a wide array of other nontraditional investments as well, including notes and mortgages, private placements, accounts receivables, limited partnerships, hedge funds, and precious metals. With sales offices in New York City and Stamford, CT, Next Generation Trust Services covers New Jersey, New York, and Connecticut, and via its new Web site, the company services clients nationwide. For more information on self-directing a retirement plan, visit www.NextGenerationTrust.com, call 973-533-1880, 888-857-8058 (toll free), or e-mail: Info@NextGenerationTrust.com.