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...
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