Recent studies show that women increasingly make financial decisions for the family. To better educate advisors on those needs, the Insured Retirement Institute (IRI) released a report concerning that topic.
So, what did the report discover: "When compared to men, women are less confident that they will have enough money to live comfortably throughout their retirement." Going inside the numbers, 34 percent of women expressed confidence, compared to 41 percent of men.
As a silver lining for financial advisors, roughly 50 percent of women with at least $500,000 in investable assets "feel they need assistance in some areas of managing their finances." So there is opportunity there.