Women & Wealth Management: The Impact of the Great Wealth Transfer


Much has been written about the great wealth transfer expected this decade. It is estimated that women will assume control of nearly thirty trillion dollars within the next ten years. Additionally, they will continue to earn more, as business founders with women-owned companies reaching “unicorn status” grew from 18 to 83 between 2020 to 2021 alone! How does this wealth transfer and growth for women impact the private wealth management industry, and, more broadly, the asset management industry? How must the industry change to meet the needs of this growing body of wealthy women? This session offered a discussion around examining the unique challenges posed to the industry associated with women as clients and investors. Both advisors and the industry will need to evolve to meet the distinctive needs of women – their perspectives, attitudes, and strategies.