Women are the ones to watch in wealth management

Women are set to watch $30T in assets by 2030.

July 30, 2020

Hey, laaaaadies. By 2030, we’re gonna be in charge of $30T in assets, a $20T increase from 2016. The boys in the banks better get set.

Is this a Missy Elliott track?

Nah, it’s a McKinsey banger. 

A report from the consulting giant found:

  • Male Boomers, who hold more than 70% of investable assets, will pass assets to their wives when they die. 
  • Younger women are getting sh*t done in corporate America.

It’s a shakeup for a male-dominated field

Thirty percent more young, married women are making their own financial decisions than 5 years ago. If more firms want to serve them, they should take note: 

  • Women are willing to pay for in-person advice… if they feel a connection with their adviser. 
  • Women tend to be risk-averse with their portfolios, focus on life goals like retirement, and are interested in financial literacy and community outreach.

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime


How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.

If you don’t like it, unsubscribe any time. Privacy policy.