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Joan Ellen Lappin, a pioneering Wall Street financial analyst and investment adviser who founded Gramercy Capital Management in 1986, died on Monday in Sarasota after a brief illness. She was 78.

Mrs. Lappin managed the portfolios of several major U.S. corporations and high-net-worth individuals for more than five decades. In 1992, she was named to Business Week magazine’s 50 Top Women in Business. She was a frequent guest on CNBC, Bloomberg, Fox and PBS and was a Forbes magazine contributor for 10 years.

In 2015, Mrs. Lappin started writing an investment column, “Deduced Reckoning,” for the Herald-Tribune. She reminisced in a recent column that Wall Street has not been hospitable to women, especially as she was finding her way in the late 1960s.

“The choices for employment for women were from the following skimpy list: bank teller, secretary, nurse, buyer in a department store, librarian, stewardess, and office worker. … MBAs were not something ‘girls’ were supposed to do,” Mrs. Lappin wrote.

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