Today, women control a third of total U.S. household financial assets—that's more than $10 trillion. In less than a decade, that number is expected to significantly increase to $30 trillion.1
As American women become recipients of this considerable transfer of wealth, financial professionals should consider how best to use this opportunity to offer their guidance and build their businesses.
1Baghai, Pooneh, et al. “Women as the next wave of growth in US wealth management,” McKinsey & Company. July 29, 2020.
2Demasters, Karen. “Women Hold Majority of Personal Wealth, But Still Minorities In Advisory Field.” Financial Advisor. March 25, 2020.
3Clempner, Jessica, et al. “Serving Women as Financial Services Customers: Women in Financial Services 2020,” OliverWyman.
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