We know women investors have a very important role to play in investment. We wouldn’t be here otherwise. So it’s always a satisfying feeling when we read a report from one of the world’s top financial institutions confirming this. Deloitte recently published the report: “Women investors: a critical and growing factor for success in the wealth management industry”. The report concludes that women investors present a significant opportunity for wealth management firms but specific capabilities will need to be developed.
Deloitte highlights some remarkable and revealing statistics to back up their arguments. Women control $20 trillion of the world’s wealth and two-thirds of women in the United States, the UK, China, Hong Kong and Singapore are the primary decision makers over household assets. Simply staggering numbers that extend to the UAE as well.
Deloitte recommends three changes to the way wealth management firms work for female investors:
- Serve the needs of the woman investor with financial education being particularly important
- Provide the deserved investor experience to ensure women feel the added value of financial advisors
- Cater to the investment preferences of women who are more likely to favour investments with a social impact
At WOMENA our angel investment platform is as flexible as possible for these very three reasons. Education is at the heart of what we do with our monthly workshops and personalised education syllabus for each member and the majority of the startups that have pitched to our members have a social impact.
To read the full report from Deloitte, click here.