Apriem President Rhonda Ducote discusses middle-women and how women in wealth management can be an asset to advisory firms and clients alike. Below is an excerpt:
“Before the next generation inherits these assets, it will be in the hands of Baby Boomer women who, after their husbands pass away, suddenly control massive amounts of wealth. (After all, women tend to live longer than men, and the majority of wives are younger than their husbands.)
Boomer women often emerge as the “middle-person” long before their children inherit the “family fortune.”Amid this trend, it is important to understand that women, particularly Baby Boomer women, often have different priorities and needs than their male counterparts.”
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