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Managing the Next Decade of Women’s Wealth
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Managing the Next Decade of Women’s Wealth

Anna Zakrzewski, Kedra Newsom, Michael Kahlich, Maximilian Klein, Andrea Mattar and Stephan Knobel
Boston Consulting Group, 2020
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9

Qualities

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  • Eye Opening
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Recommendation

Women often find that wealth managers talk down to them and assume they don’t care about investing details or didn’t earn their own money. Wealth management industry attitudes are not keeping pace with women’s ascendance in wealth acquisition, according to this study by the Boston Consulting Group, which details how women must battle wealth managers’ sexist attitudes and stereotypes. Anna Zakrzewski, Kedra Newsom, Michael Kahlich, Maximilian Klein, Andrea Real Mattar and Stephan Knobel detail the necessary changes wealth managers must embrace to serve women today and in the decade to come.

Take-Aways

  • Pre-COVID-19 projections suggested women would come to own up to $93 trillion of the world’s wealth.
  • Research shows substantive differences between men and women in wealth and investing behavior. For example, women pursue specific goals, not wealth itself.
  • Women invest according to their values and the facts, and that works: they outperform men by one to two percent.

About the Authors

Anna Zakrzewski, in Zurich, and Kedra Newsom, in Chicago, are managing directors and partners in the Boston Consulting Group. Michael Kahlich, Maximilian Klein, and Andrea Real Mattar work in the BCG’s Zurich office and Stephan Knobel is a BCG Lead Analyst in Frankfurt.

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