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Women, Wealth and Wellbeing
Women in Australia are gaining power
Women in Australia are building their wealth and power. Research reveals ongoing progress in enhancing the social standing of women when compared with male counterparts.
Sources: Australian Government Workplace Equality Agency, The Australian Bureau of Statistics, Gender Indicators, Parliament of Australia. 2023
Women are acquiring more wealth than ever before
As women wield more financial power, more knowledge is needed to make educated financial choices. However, women have historically been underrepresented in the wealth industry – now there is a greater demand and focus on helping women feel confident with their financial decisions.
Sources: 1BCG (2022) quoted in Bank of America Institute, The Rising Wealth of Women, March 2024.
2Boston Consulting Group as of December 2019, Boston College Center on Wealth and Philanthropy, National Center for Women and Retirement Research.
Sources: BlackRock People & Money 2020, http://www.abs.gov.au/statistics/people/people-and-communities/gender-indicators-australia/latest-release
Wealth means something different to everyone
“Wealth" means a lot of different things to different people; for some it means being in a state to have choices, for others, wealth brings to mind images of travel, security, independence, or health. What does it mean to you? Your clients?
Our mission is to help them think about a few considerations when putting a plan in place, while honouring the fact that each one of us has a unique life journey, unique relationship with money and investing.
We want to make sure that we’re setting up the plan to help them reach their future goals.
How can you help your clients?
Define goals and investment profile
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Ask what's important
Everyone’s goals are different. Work together with your client to better understand her goals and establish trust.
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Align to a portfolio
Once you know her goals, work together to create an investment roadmap to stay aligned in the long run.
Ensure she's invested
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Start with asset allocation
Many women are un- or underinvested. Discuss the roles of the different investments in her portfolio and how the portfolio aligns to why she is investing.
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Consider investing with purpose
Sustainable investing is about investing in better ways of doing business. It recognizes that companies solving the world’s challenges may be best positioned for growth.
Supporting a better retirement should start with well-being
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