This investment insight delves into what is required for women to best manage the unprecedented wealth they now control.
- Whether women are wealth inheritors, creators, or owners through marriage, they need to take responsibility for preserving, enhancing, and, ultimately, transferring their assets.
- Due to changing family roles, increased longevity, and a high divorce rate, most women will likely be in sole control of wealth at least a portion of their lives.
- The gender gap when it comes to investing can be bridged by working with an investment advisor to boost knowledge and understanding.
Women have become financial powerhouses. That much is certain. They have taken on an increasing role in managing wealth to the tune of $11.2 trillion.
We explore women’s changing role in wealth management, the obstacles faced by many, and strategies for actualizing their potential as both investors and wealth leaders; in particular, the importance of partnering with an investment professional. Let’s first take a look at the origins of this move toward increased wealth control by this powerful and influential segment of the population.
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