The study examines the beliefs and perspectives of 551 women with net worths of
- 86% of working women consider obsolete careers and eroding earning power as risks to their financial success. The majority of successful female executives surveyed anticipate a major career change within the next year.
- Married women believe health challenges present a greater risk to their financial security than the death of a spouse.
- 96% of surveyed women want their unique circumstances and entire life picture understood by their financial advisor.
- 80% of women (married or divorced) believe that they will be called on at some point to help one or more of their children in crisis.
- 81% of surveyed female retirees see a potential decline in the economy as a major risk, versus 45% of women working full-time.
- 57% of married women feel that divorce poses a significant risk to their financial future.
“In the financial services industry, there has been a lot of talk for years about ‘women’s services,’ but there has been little meaningful change in the way most of the financial services industry works with women,” noted
FWAC member and study co-author Eileen O’Connor added: “FWAC is deeply committed to serving the needs of women as they continue to control increasingly large amounts of this nation’s wealth. Our creation of the study demonstrates our commitment to changing the way women feel about the financial services industry. We also believe it can help open a dialogue regarding how the industry can better serve women as they become their own financial advocates.”
The study was conducted from March through August of 2011. It is available for purchase by visiting http://familywealthadvisorscouncil.com/women_of_wealth.htm
Founded in 1981, the
FWAC members hold advanced designations and are uniquely experienced in providing true wealth management services to the affluent client. Many are leaders in the financial planning industry and regularly speak and write about best practices in planning and investment management. FWAC members have won numerous awards, and FWAC’s research has been covered by leading think tanks, media publications and corporations.
For more information, visit http://familywealthadvisorscouncil.com.
|Copyright:||Copyright Business Wire 2012|
|Source:||Business Wire, Inc.|