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Despite the increasing power of their purse strings, however, women remain largely underserved by the wealth management community, according to a comprehensive global study by BCG. Too many banks and firms rely on broad assumptions about what women are looking for, resulting in products, services, and messaging that can feel superficial at best and condescending at worst. Fortunately, our research shows that wealth managers can turn their approach around.
Women are amassing greater wealth than before, and that share is likely to grow significantly in the years ahead. For countries that do not publish consolidated statistics on financial assets, we generated bottom-up analyses on the basis of country-specific proxies, in line with the System of National Accounts, with data sourced from the central bank or equivalent institution. We measure private financial wealth, including life insurance and pensions, across the resident adult population.
From to , women accumulated wealth at a compound annual growth rate CAGR of 6. See Exhibit 1. Over the next four years, that rate will accelerate to 7. With future growth expected to accelerate, that tally will get even larger.
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Last Updated: July 15, References. To create this article, 72 people, some anonymous, worked to edit and improve it over time. There are 14 references cited in this article, which can be found at the bottom of the page. This article has been viewed , times. Learn more While money does not equate to compatibility or love, it is certainly an attractive quality in a partner.
For too long, wealth managers have looked at the women’s segment millennial women are the most highly educated generation to date.
Forbes magazine annually ranks the world’s wealthiest female billionaires. This list uses the static rating published once a year by Forbes, usually in March. Most women who are billionaires have inherited their wealth rather than earning it through self made businesses. This is in direct contrast to male billionaires as the most common way for men to gain wealth is through self-made business ventures. From Wikipedia, the free encyclopedia. Wikipedia list article.
Retrieved 14 June
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