Business · Markets · 3 hrs ago
Executives say women are set to reshape wealth and investing
Executives at a women’s leadership conference in Santa Barbara said women are gaining influence over how money is invested and spent.
Cerulli Associates estimates that about $124 trillion will be passed down by 2048, including $54 trillion to women.
Women entrepreneurs are also a growing source of wealth, and one executive said their numbers have risen by more than 125% in the past decade.
She also said women who have served in the military have seen roughly 300% growth over the past couple of years.
One investment professional started Girls Who Invest in 2011 to help more women enter the investment industry; 5,000 college women have completed its program.
Speakers said many women want their investments to deliver social impact as well as financial returns, and that new wealth recipients want to see the results of philanthropy.
The projected transfer means women’s role in financial decisions could grow further by 2048.
Executives at Fortune’s Most Powerful Women conference said women are poised to shape how wealth is invested and spent.
About $124 trillion is estimated to be passed down by 2048, including $54 trillion to women.
Beth Meagher said women entrepreneurs are a fast-growing source of wealth, while women veterans are also building momentum.
Seema Hingorani said she founded Girls Who Invest to bring more women into the investment industry.
Carmen James Randolph said new wealth recipients want to see the impact of their philanthropy.
- Who
- Deloitte executive Beth Meagher, Morgan Stanley managing director Seema Hingorani and Women’s Foundation of the South CEO Carmen James Randolph.
- What
- Executives said women are poised to reshape wealth management, investing and philanthropy.
- When
- The remarks were made at Fortune’s 26th annual Most Powerful Women conference. The conference date is not stated.
- Where
- Santa Barbara.
- Why
- A large transfer of wealth to women and growth in women-led businesses are creating opportunities to influence investment and spending.
This story does not have two clearly opposing sides.
Girls Who Invest began, according to Hingorani.
Morgan Stanley has run an incubator to help invest in women starting technology businesses.
About $124 trillion in wealth is estimated to have been passed down by this year.
- Estimated wealth transfer
- $124 trillion by 2048
- Estimated share going to women
- $54 trillion
- Girls Who Invest participants
- 5,000 college women since 2011
- Girls Who Invest annual applications
- Around 4,000
- Girls Who Invest annual support
- 700 women
- Women of color in the South
- 41.5% of America’s women of color are constituents in the region
What people are saying
These trends are changing everything
[Women are] going to have all the wealth
They want to understand and see firsthand the impact that their dollars can have.
Sources
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