Stephanie Summers , RFC® their financial literacy webinars and this summer, I’ll be helping out with their first ever finance camp on the campus of Gallaudet University - National Technical Institute of the Deaf. I look forward to more opportunities to spread financial knowledge within the deaf community through ASL. Register: What additional challenges does the deaf population face in general regarding financial planning? Stephanie: There has been significant progress in serving the deaf community that followed the passing of the ADA. For the deaf investor prior to 1990, everything had to be done in writing. They also could not request for an interpreter to be provided for meetings with hearing financial advisors. This is why many deaf people used to keep their money in banks where they could go in person to manage their accounts. Historically, we often found deaf people relying on their family members to handle their investments, but now, with so much more information being accessible to deaf people, there is no reason why they need others to take care of their finances. This is why I believe in educating and empowering clients to take control of their finances. Other challenges facing the deaf community are significantly higher unemployment and under-employment rates, as well as pay disparity relative to their hearing peers. In contrast, there are some planning opportunities that are unique to deaf clients and people with disabilities that may not be available for hearing clients. For example, deaf people can take
Family Life
advantage of tax-free savings plans like ABLE accounts or may be able to retire earlier with SSDI rather than taking a reduced early social security benefits. Register: Tell us more about your connection with Kramer Wealth Managers? How do you embody their “Wealth Path” philosophy? Stephanie: I am part of a team of 5 deaf advisors and 5 full-time staff serving clients all over the country. Our WealthPath philosophy emphasizes a holistic approach to wealth management, based on a long-term partnership with our clients. Register: We appreciate your membership in the IARFC? Why did you decide to join the Association? Stephanie: I decided to join the IARFC because I wanted to align myself with an association that prioritizes excellence, integrity, and professional growth in the financial consulting field. Register: What is the most valuable part of having an IARFC designation (in your case, the RFC®)? Stephanie: The most valuable part of having the RFC designation is the credibility and trust it instills in both clients and peers. This designation signifies a high standard of professionalism and commitment to ethical practices, which are crucial in building and maintaining client relationships. Register: In what aspect can the Association better serve its membership?
Stephanie: One key area would be to expand the range of educational resources and professional development opportunities, including more webinars, workshops, and online courses on emerging trends and advanced topics in financial consulting. Furthermore, advocating for the financial consulting profession on a larger scale can help elevate the industry’s standards and public perception. By actively engaging in policy discussions and public awareness campaigns, the IARFC can help ensure that the voices of its members are heard and that the value of our work is recognized, especially in the everchanging regulatory landscape of our industry. Register: It’s one thing to be working for the client’s dreams? What are Stephanie’s dreams? Stephanie: My next dream is to be the first deaf woman with a Certified Financial Planner® designation. I’m currently studying for that designation. Register: What does your family life and recreational time look like? With twin boys, what is the secret to staying grounded? Stephanie: My husband and I enjoy playing pickleball, hiking, camping, traveling, gathering with friends at wineries and other events. Our twin boys are young adults now so we are empty nesters but while raising them, we encouraged our boys to be independent, have fun and participate in different activities at and outside of school. Register: Finally, if you want to give advice for someone who has to build a career with a physical disability, what would that be? Stephanie: No one should allow their physical or invisible disability to stop them from achieving their dreams. The sky is unlimited and soar as high as you can. Like our first deaf president of Gallaudet University, I. King Jordan quoted, “Deaf people can do anything hearing people can do, except hear”.
Paul, his two brothers, and nephew during annual golf tournament at Lake Morey, VT.
The Register | Summer 2024
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