Women and Wealth

Mastering your plan and doing it all

Women lead truly busy lives – managing their careers, caring for their children, family and household, taking care of aging parents – and often, doing all of this at the same time. We help women address the unique concerns they face as they balance these responsibilities with managing their wealth and finances.

Women are the future

Women are quickly becoming the largest group of wealth owners on the planet. With the coming USD68 trillion in wealth transfer over the next 20 years, it's anticipated that women will soon control more than half of the world's wealth. We also know that despite the incredible financial achievements of many women in recent years – with women now as CEOs of Fortune 500 companies, Heads of State, and founders of some of the world's most important companies – women face specific financial challenges: the wealth gap between women and men endures; women have less access to private capital; are more likely to take time off from careers during prime earning years; and in general, earn less money than men over the course of their lives. At the same time, women tend to outlive men – meaning women have to make their wealth last longer.

Wealth management advice for you

Let's face it – women lead truly busy lives, running careers, acting as primary caregiver for their children, family and household, taking care of aging parents – and often, doing all of the above. So as a woman, it's crucial to have a team of advisors to help master your financial plan, while you continue to 'do it all.'
But the fact remains that the wealth management industry does not successfully serve its female clients: we know that within a year of their spouse's death, nearly two-thirds of women change financial advisors.

It's not about "pinkwashing"

Assumptions about women being risk-averse may be based on antiquated stereotypes; the truth is that "women" are an incredibly diverse group of people, and demand advisor relationships that are tailored to their busy schedules and multi-dimensional lives. Women need best-in-class advice, but not necessarily new banking products that have been 'pinkwashed' for women.
Further, many women desire a personal connection with their financial advisor, and look for someone with whom they share a personal connection, who takes the time to understand their unique goals and objectives, and who thinks holistically about wealth management, not just about immediate short-term gains.

This is why HSBC Private Banking has created our new series, 'Women and Wealth: Mastering your plan while doing it all.'

We acknowledge these complexities and seek to provide women with individualized service and a personal touch.

Whether you are just getting started and are seeking to gain an understanding of key concepts, or you are ready to engage a partner who can provide you with sophisticated advice based on your risk tolerance, need for income, and tax efficiency, our team of professionals can assist.

Resources designed for you

We invite you to explore the resources we have collected below, and hope you'll take the time to listen directly to senior women at HSBC Private Banking as they share their insights on these important topics.

Spearheaded by our Women's Committee in the US, comprised of women at all levels across our US business, this work aims to engage wealthy women in conversation around how to approach the myriad challenges of managing significant wealth.

As a woman, it's crucial to have a team of advisors to help master your financial plan, while you continue to 'do it all.'

Women and Wealth: Mastering your plan
Video Webcast

Moderated by:
Carly Doshi, Head of Philanthropy, Family Governance, & Family Office Advisory for HSBC Private Banking in the Americas.
Panelists:
• Caroline Kitidis, Regional Head of Ultra High Net Worth, EMEA and US, HSBC Private Banking
• Meggie Palmer, Founder, PepTalkHer;
• Kirby Rosplock, Ph.D., Founder, Tamarind Partners

Find out more