Expat Investor - Episode 36: Empowering Female Expats in Financial Planning

Welcome to the latest episode of the Expat Investor Podcast. This time, we’re diving into the unique challenges and opportunities that female expats face in financial planning.

Hosted by Carla Smart, Chartered Financial Planner and Group Head of Pensions at Skybound Wealth Management, this episode brings together insightful voices from her guests, Rhiannon Bagshaw and Umarrah Shafiq, two new financial advisers at Skybound Wealth.

Carla, Rhiannon, and Umarrah share their journeys into financial planning, discussing how they each found their way into a traditionally male-dominated industry. Rhiannon speaks about following in her father’s footsteps but finding her own path and building credibility as a female adviser. Umarrah, on the other hand, discusses how her psychology background helps her connect with clients and provide holistic financial advice.

The conversation sheds light on the gender gap in financial planning and the barriers that often deter women from entering the field, including concerns about work-life balance. Rhiannon and Umarrah reflect on how the flexibility in their roles, especially with remote client meetings post-pandemic, has allowed them to thrive professionally while balancing family life. Carla adds her perspective on Skybound Wealth’s forward-thinking approach to work-life balance, a supportive environment she has valued during her 11+ years with the company.

Carla, Rhiannon, and Umarrah discuss the importance of women achieving financial independence and address specific challenges like the gender pay gap, career breaks, and lack of financial literacy. They emphasize the power of budgeting, saving consistently—even in small amounts—and the importance of financial education. They also discuss how women can support each other through mentorship, community, and open discussions about financial goals.

The episode closes with an introduction to Women Like Us, an initiative created by Skybound Wealth to support women in taking control of their finances. Rhiannon and Umarrah share their vision for growing Women Like Us in Dubai and the surrounding region, aiming to foster a supportive community through workshops, coaching programs, and collaborations with other female-led networks.

Listen in for an inspiring discussion on the value of community, mentorship, and financial planning tailored to women. If you're in Dubai or the surrounding region, keep an eye out for upcoming Women Like Us events and workshops where you can connect with like-minded women and gain valuable financial insights.

If you're a financial adviser interested in joining our team and making a real difference, we'd love to hear from you. Contact Lily Johnson, Group Head of Talent, to explore opportunities at Skybound Wealth and be part of our mission to empower clients and support women in finance.