Financial Advisor Turned Exit Planning Strategist Pam Hopman Helps Women Increase Their Financial Literacy in a “Man’s World”

Despite the progress that has been made, research shows there are still discrepancies in financial literacy between men and women. Even though it’s 2023, men are still taught more about handling money than women are and feel much more confident in their abilities to save and invest money. The majority of people who participate in the stock market are men, and men manage significantly more financial assets, as well as having higher salaries and being assigned to better accounts.

The longstanding effects of financial literacy are serious: understanding money leads to better retirement planning, more favorable mortgage terms, and a much lower likelihood of being defrauded.

Former financial advisor Pam Hopman is looking to close the gender gap in financial literacy. In addition to working with women one-on-one at B.I.C.Consulting, LLC, she is the Amazon best-selling author of Wealth Amplified!: A Five-Step Guide for the Professional Woman to Make More Money, Keep More Money, and Love Your Life. 

Using her extensive knowledge of taxes, insurance, and investments, Hopman is able to help her clients create customized plans to meet each one’s individual objectives. With a goal of serving the needs of women in all stages of their lives, Hopman also previously launched a women’s financial mastermind group called The Money Thing (formerly called Conversations Over Wine and Chocolate) to encourage conversation and education about money.

Hopman has spent more than 25 years helping both men and women determine what their financial goals are, and then reaching those goals. Although she admits that working with clients who have already amassed wealth and are ready for a financial advisor was easier, she is passionate about helping everyone improve their situation – regardless of where they are at right now. 

By providing coaching to those who lack financial literacy, Hopman hopes to educate them about common money mistakes and behaviors that make saving money hard to do. Hopman also created a proprietary financial behavior analysis called The Money Profile; by taking a simple quiz, readers can determine their habits surrounding money. Once an individual understands their personal relationship with money, they can make the changes necessary to reach their goals. By infusing her direct approach with humor, Hopman is able to keep clients and readers engaged in the process of identifying and rectifying their poor habits surrounding money.

Hopman has found that many people aren’t even sure what their goals are or should be: “We like to work with the vision, such as, what is your retirement vision? What is your future financial vision? And we work backward from there.” No matter how unprepared a client may be, Hopman knows that she can help to improve their situation. From eliminating credit card debt to getting the ball rolling on savings – even $50/month is better than nothing – Hopman has helped thousands of clients change their money habits.

To be used alongside Wealth Amplified, Hopman created an online video course to expound on what she teaches in her book. Many of the clients whom she starts out as a coach for, follow the road maps she lays out for them and later utilize her financial advising services.

What’s Next for Pam Hopman

After more than two decades as a financial advisor in two different markets, Pam Hopman has recently transitioned into helping business owners not only grow their businesses but also to exit them in the best way possible. She holds the designation Certified Exit Planning Advisor from the Exit Planning Institute and has started B.I.C. Consulting as her exit planning firm.

Watching entrepreneurs work to sell their companies inspired Hopman to assist in the process. Growing their businesses to achieve the highest possible valuation, and subsequent sales price is a natural next step for Hopman, who was looking to expand her horizons. She plans to create an exit planning mastermind course as well as offer mentoring to those considering selling their businesses.

As Hopman enters into the third stage of her career (after first relocating her financial services company, and later working for an insurance marketing organization), she is focused on maintaining her positive mental state, scaling her business effectively, asking for what she wants, and being much more than average.

Although her current work isn’t exclusive to women, Pam Hopman remains an advocate for women increasing their understanding of money and creating security for themselves. Even as she transitions to exit planning strategy, she continues to work with the clientele she has built over the past 25 years.