• Oakmount and Partners

Oakmount and Partners Ltd. Unlocking The Power of Women in Investing.



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.


GROWING ECONOMIC MIGHT

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 inter-generational wealth over the next 40 years

Women are becoming more important drivers of income and wealth for their families, as well:

  • Women are now the primary breadwinners in 40% of U.S. households – a 4x increase from 1960.

  • Women own 30% of all private businesses in the U.S.

  • Women now hold the majority of management, professional, and related positions (52%)

Finally, women now make up the majority of recipients of Associate’s degrees (61%), Bachelor’s degrees (57%), Master’s degrees (60%), and Doctoral degrees (52%) in the United States.


THE WEALTH MANAGEMENT GAP

As women increase raise their level of economic influence to new levels, how will they manage this wealth?


Interestingly, studies show that women think about money and wealth differently than men – and differently from precedents already set in the financial services industry:


CHANGING CONCERNS

Data from a recent survey by New York Life Investments sheds light on why women may be underserved by the financial services industry.


Reasons why women switch financial advisors:


33% poor performance

29% lack of personal connection

27% poor customer services

In other words, women don’t switch investment advisors simply because of poor performance – there are other, more complex factors involved. Part of this is likely because 62% of women say they have unique investment needs and challenges:


Perceptions of women and investing:


Financial professionals treat women differently – 40%

Women feel patronized by financial advisors – 36%

Financial advisors are less likely to listen to investing ideas from a woman – 30%

Financial advisors push women out of financial conversations – 28%

Women have less access to financial education – 26%

Financial professionals find it hard to relate to women – 26%

Financial advising is a man’s world – 24%

A DEEPER DIVE


It is crucial for advisors to understand that women are not one large, homogeneous group.


In fact, research shows that there are four unique segments of women that each approach investing differently – and they all have different sets of needs.


Stay tuned for Part 2 of this infographic series, which will detail the differences between these segments. Source: Visual Cap


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For the avoidance of any doubt, nothing on this website is intended to constitute advice to you and the content is displayed for illustrative and information purposes only.


Making more possible.

Today. Tomorrow. Together.


Oakmount and Partners Ltd. Est 2009.

Sculpted from experience, built for success.


We provide fixed income investment opportunities, with annual returns ranging from 7-12%.

Income payments are made regularly to our customers on both quarterly and Bi-annual cycles.


For further information regarding any of our services please feel free to contact us on:

Tel: +44 (0)203 455 2700


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