Fidelity reports it has seen unprecedented growth in women opening new retail investing accounts, plus a record-high average of 9.2% contributions to DC retirement plans.
A year or so ago, WiPN leadership was looking at how much it had evolved and realized ‘we needed the name to catch up to where we are,’ said President Jennifer Norr.
Firms say adding diverse advisers will help their businesses grow and help them attract new customers.
A mere 17% of women say they are very confident they will be able to retire comfortably, according to the Transamerica Center for Retirement Studies.
It reports one of the big issues is that women are overrepresented in low wage professions.
Prudential Financial looked at the financial health of Asians, Blacks, caregivers, Latinos, LGBTQ Americans and women.