Wealth managers failing to meet needs of high net worth women

Need to better understand their investment goals

Wealth managers with global retail asset management arms and investment banks are perceived as the worst at serving the needs of high-net-worth women, according to research by business consulting and technology provider Orbium.

The survey found that 78% of executives feel the requirements of wealthy and ultra-high-net-worth women are not being addressed, while first generation entrepreneurs are faced with a dearth of appropriate services. The Orbium Wealth Management C-Level Survey 2018 canvassed 50 leading private bank and wealth management business chiefs in the UK, Europe and Asia on their current thoughts and where they see themselves in 2020. Collectively the respondents manage assets of over $2.5trn, ranging from top ten global banks to medium and smaller firms. Ian Woodhouse, head of strategy and c...