Divorce and death behind more women seeking advice - Investec

Women account for 47% of new client base

Victoria McKeever
clock • 2 min read

Divorce and the death of a spouse are the biggest drivers behind a rise in women seeking financial advice, according to research from Investec Wealth and Investment.

The firm found a seven percentage point rise in female clients among financial advisers over the past five years. While women accounted for two fifths (40%) of the advisers' client base in 2012, this had risen to 47% of clients gained in the past two years.   Investec surveyed 101 IFAs in June 2017. More than half (51%) cited divorce as the biggest factor behind the increase in female clients, while about a third (35%) said the death of a spouse was the biggest driver. About one in four also attributed taking more control of their financial circumstances to the rise in female clien...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Wealth manager has partnered with charity Sporting Wellness

Professional Adviser
clock 03 May 2024 • 1 min read
Adviser guide aims to 'demystify' Consumer Duty annual reporting

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Firms to produce first annual Consumer Duty board report

Sahar Nazir
clock 02 May 2024 • 1 min read
Behavioural coaching a 'tough sell' among prospective clients

Behavioural coaching a 'tough sell' among prospective clients

‘Clients overlook major sources of value from advisers’

Isabel Baxter
clock 02 May 2024 • 1 min read