Advent Software sees wealth transfer to women reshaping wealth management priorities
SSNC•Advent Software says wealth managers should build relationships with women before wealth transfers. Cerulli estimates about $54 trillion will first pass to surviving spouses, with women expected to receive more than 95%; McKinsey forecasts women-controlled assets will nearly double to $34 trillion by 2030.
1. Preparing for wealth transfers
Advent Software recommends involving women in financial decisions, connecting investment advice to personal goals and expanding planning beyond portfolio management. Cerulli estimates about $54 trillion will first pass to surviving spouses, with women expected to receive more than 95%. McKinsey forecasts women-controlled assets will reach $34 trillion by 2030, about 38% of total U.S. assets.
