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Transparency with Diana B.: Empowering Women to Take Control of Their Finances

When advisor Robert Schein’s father died, his mother was thrust into taking care of the finances, which she knew little about. The experience inspired him to launch an organization dedicated to helping women take control of their financial lives.

 

Advisor Robert Schein’s father worked hard his adult life to provide for his family, and just four months into retirement, at the age of 70, he was diagnosed with Stage 4 stomach cancer. After about three years battling the disease, his father ultimately passed, thrusting his mother into having to take over the family finances.

Luckily, Schein and his brother stepped in to help and set her on a positive financial path. But many women aren’t as lucky. The experience inspired Schein to launch The Society of Financially Empowered Women, a non-profit organization dedicated to facilitating a community and forum where independent women may acquire the confidence to take control of their financial lives, in 2011.

In this episode, Diana Britton, managing editor of WealthManagement.com, speaks to Schein, managing director and partner of Blanke Schein Wealth Management, a Hightower firm, in Palm Desert, Calif. about why he decided to dedicate his life to helping women better understand their personal finances.  

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Robert Shein and his mom.

In this episode, you will learn:

  • About his father’s journey to America and the values his father taught him growing up;
  • How his father’s stage four cancer diagnosis changed his life;
  • How Robert helped his mother navigate her finances after his father’s death;
  • Robert’s impression on how Wall Street treats women;
  • What inspired him to create the Society of Financially Empowered Women (Society of the FEW) and the Confidence Summit;
  • About the mission of the Society of the FEW, and how its efforts are expanding

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The 2020 Confidence Summit

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Robert with his family.

 

If you have a struggle and wish to share your experiences and help others in similar situations, please reach out to Diana at [email protected].

The Transparency with Diana B. podcast is available on Apple PodcastsAndroidStitcherSpotify and wherever podcasts are found. 

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