Women Will Soon Control the Financial Landscape – But Is the Financial Services Industry Ready? (Ep. 50)
The financial services industry is facing a significant shift as women are positioned to control an increasing share of wealth. This shift requires financial advisors to adapt their strategies to better serve women’s specific needs and priorities.
Are firms ready to change their long-held practices to meet the needs of this growing client base?
In this milestone 50th episode, I explore the increasing control of wealth by women and the financial industry’s reaction to this change. I emphasize the necessity for advisors to change their methods to effectively serve women. Additionally, we share client stories that illustrate the specific concerns and needs of women in financial planning.
Key points:
- The reasons behind financial advisors’ current concerns
- Why women are poised to control a significant portion of U.S. wealth
- The transition of financial responsibility that women experience post-divorce or widowhood
- How understanding emotional connections to money impacts financial decisions
- And more!
Resources:
- Get Your FREE Simply Retirement Roadmap
- Website: Savvy Ladies
- #17 – Financially Fearless Women with Barb Provost and Maggie Nielsen
- #26 – Navigating the Solo Aging Journey
- #30 – Prioritizing Health in Midlife with Elizabeth Sherman
- #31 – Navigating Retirement Planning: Essential Tips for Women with Linda Lingo
- #43 – Glowing Older: Embracing Aging, Wellness, and Purposeful Living with Nancy Griffin
- Breaking Money Silence® by Kathleen Burns Kingsbury
Connect with Eric Blake:
- www.TheSimplyRetirementPodcast.com
- Join the Simply Retirement Newsletter
- Ask a Question or Suggest a Topic for the Podcast
- Blake Wealth Management
- YouTube
Podcast: Play in new window | Download | Embed