From the July 2009 issue of Boomer Market Advisor • Subscribe!

Wealthy boomer women take control

In a survey of wealthy boomer women with a net worth of at least $25 million and having at least one child, 88 percent said they are moderately to highly involved in the oversight of their wealth and management of their family's assets. Research indicates these women are much more open about discussing their personal wealth now than ever before, - even more so than their parents - according to a report by Wilmington Trust and Campden Research in association with Relative Solutions.

Analysts say women view wealth as a source of empowerment to achieve philanthropic, professional, and personal goals and independence rather than a demonstration of success. Sixty-eight percent of respondents said they meet regularly with advisors, read investment performance reports, and try to compile a complete wealth picture.

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