Women’s economic power rising to new heights
“We are seeing a transformative era where women are focused on growing their wealth but also redefining its purpose, integrating personal values with financial success.”
Angie O’Leary, Head of Wealth Strategies at RBC Wealth Management
America’s high-net-worth (HNW) women are redefining wealth management through their unique blend of financial acumen and life aspirations. Their success reflects higher educational levels and greater workforce involvement, resulting in record wealth accumulation.
A survey from RBC Wealth Management reveals how three generations of high-net-worth women are rising to new financial heights and closing traditional gender wealth gaps.
Millennial women’s wealth is outpacing men, signaling the growing financial dominance among younger women driven by investments in financial markets, inheritance, executive roles, real estate, and business ownership.
Women champion ‘inner wealth,’ the integration of personal wellbeing with financial success, and expect their advisors to integrate wellness conversations into wealth planning.
Boomer women are assuming control of wealth through the $124 trillion Great Wealth Transfer, creating unprecedented economic influence ranging from philanthropy to intergenerational wealth transfer.
Baby boomer, Gen X and millennial women are fundamentally changing how wealth is built, what it represents and how it can be used to create lasting impact.
By involving heirs in philanthropic decisions today, families can create a clear path for continuing their charitable legacy.
Baby Boomer women often make choices for themselves, children, spouses and parents – and their economic influence can no longer be overlooked.
We’ve created a practical guide designed to comprehensively assess your financial health and identify actionable steps you can take to build more confidence in your plans for tomorrow.
The workbook also contains several hands-on worksheets you can use to write your own financial story.
Download the workbook
We want to talk about your financial future.
To better understand the financial journeys of women across three generations, RBC Wealth Management surveyed 2,010 high-net-worth (HNW) individuals in the U.S. (1,505 women and 505 men), all with investable assets of at least $1 million.
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC.