Advisors’ dilemma: Women less engaged, more negative toward financial planning
March 11, 2020 by Charles Paikert
Women may control more than $20 trillion in wealth, but they are less likely to hire financial planners to advise them than men, according to a new study from U.S. Bank.
“While we know that women have more money and power than ever before, the survey results tell us they aren’t getting the most out of it,” said Gunjan Kedia, U.S. Bank’s vice chair of Wealth Management and Investment Services.
Women are less engaged with personal finance than men, less confident about managing money and nearly half associate negative emotions with financial planning, according to “Women and Wealth,” a survey of 3,000 women and men across the United States.