Ontrack KA - Financial Planning

August 2016

Advising professional women: more than a niche market

Overview

Professional women, strengthened by rising education levels, unprecedented workforce participation and greater income and wealth, are increasingly assuming more powerful roles in personal and family financial decision-making. For financial advisers who acknowledge the influence of professional women and their growing levels of wealth, and are prepared to tailor their approach accordingly, this market presents significant untapped potential.

Featured interviewees

FE Claire Mackay and Naomi Rosenthal

Learning objectives

After reading this article you should be able to:

  • Identify some of the typical advice issues and needs of professional women
  • Describe specific characteristics of female clients that advisers should take into account
  • Discuss the benefits and challenges to advisers in providing advice to professional women.

Knowledge areas and accreditation

Knowledge area: Financial Planning (75 minutes/1.25 points).

FPA CPD points 1.25 Dimension: Capability (FPA 008110).

AFA CPD points 1.25 (AFA 01022009).

CPA Australia CPD points 1.25 (CPA 000064).

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