The financial services industry is undergoing a dramatic shift.
The next generation of investors will be younger and much more diverse, with women taking an increasingly prominent role in building and growing family and personal wealth.
Today’s infographic comes to us from New York Life Investments, and it showcases how this new paradigm will shape the future of products and services on offer in the industry, as well as how wealth managers can cater to these changing needs.
Women are underrepresented in the investing world, but this is changing fast. While various cultural and societal reasons are contributors to this, there is also a more simple driver: rising economic might.
- Women-controlled wealth in the U.S. will increase from $14 trillion to $22 trillion between 2015-2020
- Women control 51% of all personal wealth in the United States today
- Women are set to inherit $28.7 trillion in intergenerational wealth over the next 40 years
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