Women in wealthy families are the ones holding the purse strings, with 84% of high-net-worth women having full or joint control of the family investments, according to a report from RBC Wealth Management. It dealt with 1,752 women, who were worth an average of $8.72 trillion across the US, UK and Canada, and found 98% of respondents had responsibility for day-to-day banking. The survey revealed only 36% of women were self-directed investors, compared with 49% of men.
Women in wealthy families are the ones holding the purse strings, with 84% of high-net-worth women having full or joint control of the family investments, according to a report from RBC Wealth Management. It dealt with 1,752 women, who were worth an average of $4.4m across the US, UK and Canada, and found 98% of respondents had responsibility for day-to-day banking. The survey revealed only 36% of women were self-directed investors, compared with 49% of men.