Now, I am not saying that if you’re a woman investor, you always want to be served by a woman financial advisor or if you’re a — a black investor or a client that you want a — a black financial advisor or a white financial advisor. And so fixed income or bonds and equities or stocks, in the right measure for your risk appetite and your time horizon, continues to be very important. Let me share with you what are statistics are. She is the sixth such partner in the 98-year-old firm. We love your comments, feedback and suggestions. The E.Q. My mother was an executive with Tennessee Valley Authority, and she was an executive during a time and in a place that there weren’t quite — there weren’t quite as many women as there were men. Whenever we’d see surveys of millennials, there is a very enthusiastic embrace of ESG investing or impact investing or socially responsible investing. How do you manage that? They were all …, RITHOLTZ: Fifteen thousand. They made a big splash pretty much around the financial crisis era and they’ve expanded pretty rapidly over the past decade. PENNINGTON: Well, what I probably didn’t appreciate as I was first starting out was how intersected the financial services industry and world is with the trajectory of history, the history of our economy, the history of formation of communities and society, the — the — the history of achievement by individuals, families and businesses. And financial advisors share this kind of investment philosophy with clients. And one of our Edward Jones colleagues on the other side of that window hand-to-hand with their client, just passing back and forth good energy, “Thank you for being there. It was a meltdown in certain aspects of the financial markets. We are also licensed in insurance, so we help our clients protect their goals against all kinds of things that — that might happen. We have financial advisors in — in communities working face-to-face one on one with clients and their families. What do you think about alternatives such as private equity or venture capital? We believe that 15 percent of the marketplace is appropriately self-advised. PENNINGTON: Oh, well, picked up tons from him. And so robo-advisors, the — the — those that — that have very little human interaction associated with them are — are appropriate for some clients. But the — the reason that I share that is really to say that two things — we — we have been focused on this and on a path toward greater diversity for — for a couple of decades. You know, the — the — the folks who helped shape my life most fundamentally are my parents. How about your family? There’s a little bit of it that’s kind of inside baseball, and — and I’ll let you guys in a secret. I loved the clients â they were like family to me! And — and we — we’ve seen that over the past 10 years. If you are at all interested in things like asset management, financial planning, what it’s like to run a giant firm with 50,000 employees and 17,000 financial advisors, who better than Penny Pennington? RITHOLTZ: So let’s talk about a couple more recent investing themes that have come along. Our branches are very safe, and we closed them to the public. PENNINGTON: Yeah, you bet. Penny F. Pennington Dear Family and Friends, It is with a heavy heart that we must inform you of the passing of our mom "Penny" last Friday in Petaluma. View Penny Penningtonâs profile on LinkedIn, the world's largest professional community. But the investing public got a — got — got a — a reminder of what significant volatility and a deep reduction in the stock market felt like. Despite our own personal anxiety, all of us have had to deal with all kinds of disruptions in our own lives, but we get out of bed every morning thinking about our clients and helping them reduce the anxiety in their lives. What does it ladder up to in terms of the mark that you want to make on the world, not — not the position that you want to have or the — the role that you want to attain or the income that you desire to have over time. Michael Boyle is my Producer/Booker. Pennington currently resides in St Louis with her husband, Mike Fidler, with whom she shareâs two grown daughters. You can’t beat and time to market on a — on a daily or a weekly basis, and you need to be focused on the long-term putting money away, investing wisely in high-quality investments, albeit, rotating them and reallocating them as markets change. Atika Valbrun is our Project Manager. Penny served as Principal - Branch Office Administrator Development and Principal - Branch and Region Development for Edward Jones. So our financial advisors are licensed in a number of different areas. 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