From Murphy's vantage point, women are underserved and often dismissed as irrelevant.
Kathleen Murphy is fed up with the investment world being created by men in the image of men at the expense of women.
And, as president of personal investing at the financial giant Fidelity Investments, the 55-year-old is in a position to do something about it.
Murphy, who’s been in this high-command role for nearly a decade, oversees the management of $2.5 trillion — yes, that’s a “t” not a “b” — held in nearly 20 million individual client accounts. That includes more individual retirement accounts than any company on the planet.
She leads more than 14,000 employees nationwide and was here recently to visit her five North Texas investor centers in Dallas, Fort Worth, Irving, Plano and Southlake, and a regional customer contact center in Westlake.
From Murphy's vantage point, women are underserved and often dismissed as irrelevant.
Look at the numbers, and you’ll see how wrongheaded this is, she says.
The United States is in the midst of a two-decade, $22 trillion shift in assets to women, who now make up the majority of the U.S. population.
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