The largest wealth transfer in history, will largely benefit women through inheritance (from living longer than men and stepping in to lead household finances), divorce and career success. In the U.S., women are projected to control $34 trillion—about 38% of investable assets—by 2030. While women in Western Europe, by estimates, will manage around 45% of total assets by 2030. Experts are predicting two major shifts in managing and distributing wealth by women clients:
There will be a need within the male-dominated finance industry to adapt its services to women managing their wealth as as this article reveals through various studies that female clients prefer transparency, clarity, personal connections ans and strategies that align with their values.
One of those values represents a significant difference in charitable giving as research from the Lilly Family School of Philanthropy at Indiana University reveals, "women across all income levels and generations are more likely to donate than their male counterparts," and, per Carey Shuffman, executive director and head of women’s segment at UBS, "Millennial women feel strongly about social justice, equality and climate change issues," while Baby Boomers focus on issues such as reducing poverty." Therefore, "experts believe substantial shifts could soon arise within sectors reliant upon fundraising."
Claire Ballentine
