Mind the Gender Gap

Women are increasingly controlling more of the world’s wealth – about 53% of UK millionaires will be female by 2025 according to the Centre for Economics and Business Research – but wealth managers are often not attuned to female clients, whose approach and needs can be very different from men’s.

Jargon, complexity, lack of time, fear of risk and communication around investments are all cited as barriers, so how can the industry redress the balance and reap the rewards?

Is segregating clients by gender too simplistic? And is a lack of internal diversity creating an additional cultural barrier?