Women are controlling ever-greater sums of money around the world, setting the stage for major shifts in wealth management and philanthropy. In the US alone, McKinsey & Co. expects women to control $34t — or roughly 38% — of investable assets by 2030, close to double last year’s total. The figure was just $7.3t, or 29%, 10 years ago.
“Women are increasingly becoming the financial heads of households due to inheritance, divorce or career success, and they’re taking on leadership roles in financial decision-making,” said Casey Jorgensen, head of the Dynasty Institute for Adaptive Leadership at Dynasty Financial Partners.