Financial professionals who work with women may be a lot more likely to talk to them about their investments than about other types of financial matters.
Analysts at the Transamerica Center for Retirement Studies have published evidence for that possibility in a summary of results from an online survey conducted in October 2017.
All of the participants were adults ages 18 and older working at a for-profit employer with five or more employees. About 33% of the 3,917 women in the survey sample, and 45% of the 2,432 men in the sample, said they had financial advisors.
The male advisor clients may have been getting more out of their advisors than the female advisor clients were.
The advisors were somewhat more likely to be helping women with purchases of specific types of retirement investment products: 71% of the women in the sample said they were getting investment recommendations from their advisors, compared with 67% of the men.