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Alternative Market Briefing

Wealth Management's Changing Landscape: Women & Millennials

Wednesday, November 30, 2016

Matthias Knab, Opalesque:

Betsy Moszeter of Green Alpha Advisors writes on Harvest Exchange:

Co-written by Betsy Moszeter (COO, Green Alpha Advisors) & Danielle Burns (VP Sales & Marketing, First Affirmative Financial Network)

As consumers and investors, women are changing the way society interacts with its money by consistently making more holistic decisions than men about how they spend, save and invest their money. Currently, women directly control 39% ($11.2 Trillion) of the investable assets in the U.S., and are already strong influencers on the disposition of most of the remaining 61%. And they’re just getting started. By 2030, as the greatest wealth transfer in U.S. history builds up steam, women will be the primary decision makers for two-thirds of the nation’s wealth.

Based on spending and earning power, women now represent a growth market bigger than those of China and India combined ! Add to that the fact that 76% of female investors believe that environmental, social and governance ( ESG ) factors are important aspects to consider when making an investment decision, and it’s easy to see why sustainable investing is growing both domestically and globally. Firms like Goldman Sachs are committed to increasing their footprint in the space and taking advantage of this obvious growth opportunity through moves like their purchase last year of Imprint Capital.

Other key facts to consider:

  • Female investors are nearly twice as likely as m......................

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