For anyone who has even a minimal amount of familiarity with the investment landscape for affluent women, it will be no surprise that there is a surfeit of dissatisfaction these women feel about their advisors.

As an example, there are two excellent research studies outlined in two books: Harness the power of the purse, by Andrea Turner Moffitt, and Women Want More, by Michael Silverstein and Kate Sayre of the Boston Consulting Group (see chapters on financial services).

A frequently touted solution is to increase the representation of women among the advisor population, presumably balancing the provider-client fit and understanding, and also, presumably, leading to better recommendations for the wealthy female client.

Continue reading “Women Advising Women: Surprising Facts”