Women are very concerned about maintaining support for their families. They also are more likely than men to be single later in life and to have suffered loss of income and capital as a result of divorce or their partner's death
Women will soon control almost half of Canadian assets, and require tailored advice
A new advisory board will promote the financial confidence of women
As HNW women become more involved in finances, they trail men in preparing to pass assets on to the next generation
Survey suggests more women than men are confused by financial jargon, and women tend to avoid investment risk
But financial advisors could play a critical role in helping women who make investment decisions for their households become more confident
Investors can position their equities “toward companies that have a greater proportion of senior female managers,” the report recommends
As women tend to prefer a “greater focus on their aspirations,” the firm will refocus client discussions on business, investments, family and legacy
Canada had 268,500 tax filers in the top 1% in 2014, earning at least $225,100
Women often feel their advisors don’t take the time to fully understand their needs