Why building confidence is critical around women and wealth [Globe and Mail, The (Toronto, Canada)]
Bank of America Corporation (BAC)
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Source: Globe and Mail, The
Focusing on this client segment is not only logical but essential as women are poised to inherit a significant portion of this wealth and play a key role in managing and preserving it for future generations. For anyone coming into wealth, knowing what to do with it can often be a challenge. That's where advisors play a key role in helping women gain the necessary confidence. “It's important to remember that every client is different, as are their comfort levels when it comes to finances,” says Jennifer Leathem, wealth advisor and client relationship manager at Nicola Wealth Management Ltd. “For women, especially, fostering an environment where they feel empowered to ask questions, discuss their past experiences, voice concerns, and share their future priorities openly is crucial.” That's good practice, overall, especially because there has been a gender gap in financial literacy and confidence in Canada that has existed traditionally, according to a working paper from the Univer
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