Today we’d like to introduce you to Sandra Gilpatrick.
Sandra, can you briefly walk us through your story – how you started and how you got to where you are today.
I was a teenager when I saw my grandmother clueless on how to manage her money after my grandfather died. I realized at a young age woman should understand their finances regardless of marital status. I majored in Economics in college and started off as a financial advisor shortly after graduation. I ended up liking my field so much, I’m still helping clients work toward their own financial goals. I evolved my business to focus on helping other young professional women living or working in Boston. I don’t think my industry has served my demographic well enough, so I wanted to dedicate my business to helping these women.
Overall, has it been relatively smooth? If not, what were some of the struggles along the way?
Where I have stayed in financial services for over 20 years, it was a difficult path. I decided to leave the large corporate firm where I was an employee for 17 years. I realized not being able to balance my role as a new mother and being undervalued in my position were reasons to leave and go independent. I never felt comfortable with the sales culture I was trained in and wanted to set up my own practice to mimic an experience I would want as a client. It was scary to start off with my new business knowing I was totally responsible for my own income. Starting off at less than $0 day one, as I had start-up costs, was daunting. I stood by my mission to help empower women to feel financial confident and my business was profitable in less than three years built by word of mouth from friends.
Alright – so let’s talk business. Tell us about Sandra Gilpatrick, CFP®, CDFA™, Wealth Consultant – what should we know?
For 17 years I looked around at business conferences and saw a sea of men dark suits. I saw the lack of representation of young women as financial advisors directly correlated to an under-representation of young women as clients. I was concerned to think, “who would help me with my finances” if I had chosen a different occupation. My goal is to help empower women to feel financially confident. I am focused on helping professional women born 1964 or younger who live or work in Boston with their unique financial needs. I aim to help make finances more understandable for my clients.
I want to make financial literacy enjoyable for my clients. I host client education events that tie financial concepts to their lifestyle. For example, I noticed many clients going over budget dining out too often. I had a professional chef give a live cooking demonstration of a healthy, easy & inexpensive meal to prepare at home.
Being able to empathize with my clients is important. Experiencing similar life stages whether it was: being a single woman trying to get on the right financial path on my own, to working with a partner on household finances and then raising a child in the city. My real life experience gives me insight and compassion I bring to my practice. I want women to succeed and I am grateful to help them along their journey toward financial security.
Any shoutouts? Who else deserves credit in this story – who has played a meaningful role?
My husband George Gilpatrick, gave me the support to start my own business. Being an experienced entrepreneur, he was able to help me with start-up logistics. He encouraged me to be confident in my business vision. He believes in my mission. He was also enthusiastic to commit financially to the success of my business with stringent financial budgeting while we started my new venture. He is also quick to take on childcare duties so I can work evening or weekend hours. I receive lots of credit from others for taking a risk to start my own business. I like to share credit with George. I would not have started my own business without him.
- Address: 101 Federal Street, 19th Floor, Boston, MA 02110
- Website: http://www.sandragilpatrick.com
- Phone: 617.314.7575
- Email: firstname.lastname@example.org
- Facebook: https://www.facebook.com/Sandra-Gilpatrick-LPL-Financial-509326772473537/
- Other: https://www.linkedin.com/in/sandragilpatricklpl/