Preserving and Managing Family Wealth Increasingly a Woman's Domain

A recent Wealth story notes that, according to RBC Wealth Management's Wealth Transfer Report 2017, the responsibility of managing and preserving family wealth is increasingly in the hands of women. Among the study's most striking findings:

  • 98% of women are either the sole or joint decision maker on daily banking and are fully or partially responsible for the family investment portfolio.
  • Women tend to be more hands-off with their investments than men.
  • 36% of women describe themselves as self-directed investors, compared to 49% of men.

Asset management firms are taking note, including Putnam Investments, which has hired Katherine Collins - founding CEO of Honeybee Capital, a research firm focused on environmental, social and governance (ESG) investment issues - as its new Head of Sustainable Investing. Former Fidelity analyst Stephanie Henderson and Putnam veteran Alexander Rickson round out the team. "Investing through the lens of environmental, social and governance is redefining what asset management can accomplish," notes Putnam's President and CEO Robert Reynolds. " It is a concept that is becoming increasingly synonymous with good long-term investing and is serving to help identify opportunities."

Interested in hearing more of Reynolds' observations on current and developing trends in the financial services arena? Click here to read the full interview on Bob Reynolds.

Ellen Kinlin


ECK Consulting, Inc.

Office: 508-420-1165

Mobile: 508-360-2053

Follow us on Twitter
View our profile on LinkedIn
Like us on Facebook

Share this page!