Did you know that, according to a Pew Research Center study, “the economic gains associated with marriage are greater for men?”
Had you realized that, as of 2008, women managed 1% of mutual funds and 3% of hedge funds, but those who managed those funds tended to outperform? It’s true, says research from the National Council for Research on Women. From January 2000 to May 2009, women-owned funds averaged 9.06% annually, dramatically outperforming the Hedge Fund Research (HFR) composite index, which averaged 5.82%, according to HFR.
Women have a great deal to offer as wealth managers, and clients realize and appreciate this. More and more women are taking on senior roles on Wall Street, in family offices, RIAs and Broker/dealers and making important contributions, both in advisory and executive roles, in academia and in Washington.