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

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read