Excellent article in this weekend’s Financial Times Weekend On Wall Street. It’s well known that diversity is a sticking point in the wealth management industry, which has most advisors remaining pale and male, as author Sallie Krawcheck calls it. But there is a change on the horizon. Not only are women slowly seeping into the upper echelons of this industry, there is a shift in who owns the wealth: and it’s women. How? The industry’s core clients—white, male baby boomers—are dying out. And, given that women live on average a decade longer than their husbands, it means that widows are
The Feminisation of Wealth Management is Coming