Women as the New Face of Wealth

The financial world is evolving, and at the forefront of this change are women. No longer on the sidelines, women are stepping into roles reshaping how wealth is built, managed and invested. As they gain influence and take control of their financial futures, a new era of wealth is emerging. But what’s driving this change, and where does it lead?

A $30 Trillion Wealth Transfer

Over the next few years, a massive transfer of wealth will occur, with trillions of dollars moving into the hands of women. Much of this comes from inheritance, with women outliving men and taking over financial reins when their spouses pass. According to McKinsey & Company, women are expected to control a significant portion of the $30 trillion in assets that will change hands by 2030, giving them unprecedented financial power.

With this influx of wealth comes an opportunity to challenge the outdated notion that women shouldn’t be involved in money discussions. As women inherit and build wealth, they gain confidence and independence in financial decision-making. More and more women are investing in causes they care about, like sustainability, education and health initiatives. They’re also embracing financial strategies that focus on long-term stability rather than short-term profits. It’s not just about accumulating wealth; it’s about making an impact while achieving success.

The Rise of Female Entrepreneurs

While inheritance is an important factor, many women are building their wealth through entrepreneurship and leadership. Women-led businesses have experienced significant growth in recent years. According to the American Express State of Women-Owned Businesses report, the number of women-owned businesses in the U.S. increased by 21% from 2014 to 2019. These women aren’t just business owners, they are pioneers, creating industries and driving economic growth.

Take Sara Blakely, the founder of Spanx, who became the world’s youngest self-made female billionaire. Or Oprah Winfrey, whose media empire continues to expand and inspire. These women, among many others, represent a new wave of female wealth creators taking charge of their financial futures. Their success stories demonstrate that women are not only inheriting wealth but are also redefining what it means to be a successful entrepreneur.

Women in leadership positions are also making strides. According to research by Catalyst, as of 2023, women hold 10.7% of CEO positions in Fortune 500 companies, reflecting an upward trend in female leadership and influence in corporate America. These women are blazing trails and changing the conversation around what it means to lead.

Women Taking Financial Decisions into Their Own Hands

As more women gain control of their finances through inheritance, entrepreneurship or leadership roles, they are increasingly confident in making financial decisions. Gone are the days when women were sidelined from money matters. Today, they are more proactive in managing their wealth, asking critical questions and seeking advice that aligns with their values and long-term goals.

The rise of women in wealth management and entrepreneurship is not just a trend, it’s a transformative shift. Women are actively shaping their financial futures and, in turn, influencing global economies. Their leadership, decision-making and focus on creating meaningful impact are changing the face of wealth.

Whether through inheriting wealth or creating it from the ground up, women are defining a new era. One where wealth is about more than just numbers on a balance sheet. It’s about legacy, impact and paving the way for future generations. When you’re ready to take the next step, we’re here to listen and guide you toward your goals. Connect with us today and let’s start the conversation.