New and Noteworthy:
Reports and information that can help make a difference for you
Why More Women Are Looking For – and Need – Financial Advice
Did you know that one in three do-it-yourself women investors could be in the market to hire a financial advisor during the next year? That’s just one of many interesting learnings from the new InvestmentNews/Kiplinger’s survey of over 1,500 high-net-worth and affluent investors. The survey also looked at investors’ top financial goals, financial advisory services valued by women investors, and highlights two interesting female submarkets seeking advice – breadwinners and single high-net-worth women.
Why Should You Invest in Women?
Research overwhelmingly shows that where women are better represented on corporate boards and in senior management, companies simply perform better.1 That’s why we launched the Pax Ellevate Global Women’s Index Fund – the first mutual fund consisting of the highest-rated companies in the world for advancing women onto their boards and into senior management. In this article, Pax Ellevate’s Joe Keefe and Sallie Krawcheck discuss the business case for gender diversity and explain why investing in women is
simply smart investing.
Aligning Investments With Values
The 2016 U.S. Trust Insights on Wealth and Worth® Survey cites giving back as a shared priority among the wealthy. Beyond philanthropy, many investors — particularly women — are interested in investing in companies that align with their values and make a positive impact, while also providing financial return potential.
Millennial Women Face a Significant Wage and Savings Gap
This recent Wells Fargo study looks at the current financial views and habits of today’s millennial investor and highlights significant differences in the earnings and financial outlook of millennial men and women, including:
- Millennial men’s median personal income is higher
- More millennial women report living paycheck to paycheck and view that their finances are stretched too thin to save for retirement
- 73 percent of women surveyed don’t believe they can accumulate $1 million in savings, versus 56 percent of men
How Providers Can Better Target Female Investors
ThinkAdvisor recently reported on a new survey from Cerulli Edge Gender Advice, highlights include:
- Relatively little differentiation exists across financial services’ products and platforms to target female investors
- Only 31 percent of women surveyed said they needed only a little advice when investing, compared with 49 percent of male respondents
- 57 percent of men surveyed expressed a desire to be involved in day-to-day portfolio management, compared with 42 percent of women
- Younger women are much more likely than their older counterparts to educate themselves before speaking with an investment professional.
- 82 percent of female investors 30 to 39 years old said they conducted research, compared with 38 percent aged 60 to 69