Wall Street Journal Voices: Maura Griffin, on Advising Single Mothers

The newspaper interviewed Maura about the single mothers in her practice. “For women, there is often more emotion around money. Advisers need to help their clients understand their spending habits, look at what’s driving their spending, and find ways to save more. That’s the role I try to play with my clients: helping them through emotional issues with money, helping them understand where it’s coming from and teaching them to make smart decisions about their spending and budgeting.” For single mothers, estate planning and retirement are the main areas to tackle first, with college planning and saving after that. “Women who have stepped out of the workforce to have children or adopt children on their own often face a double whammy in that they fall off the ladder in terms of their career, and they have had less income during those years to be able to put away for retirement. As women they typically live longer and have saved less, so it’s important to find ways to save where they can.”

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Blue Spark Capital Advisors

We're a fee-only Registered Investment Advisory and financial planning firm based in New York City and the Berkshires.

We specialize in working with women after divorce, death of a spouse, or other life transitions such as retirement or job change. We provide financial planning and investment management services.

We believe in a holistic approach. Movement in each piece of your financial plan impacts the others, so we consider your entire picture.

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New York, N.Y. 10010
(212) 537-3899

93 Church Street
Lenox, Mass. 01240
(413) 551-4445

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– Samuel Johnson (1709-1784)
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