In the 2013 Wells Fargo Affluent Women Retirement Survey, researchers pointed out that 45% of affluent working women say the prospect of living in retirement without a paycheck is a problem they will attempt to solve by working longer.
Kyla Spence, a rising junior at Bucknell University, had been leaning toward a career in investment banking, but after attending a symposium on wealth management for college students in May, she may choose financial advisory instead.
Women are a minority in the wealth-management business, making it difficult for clients who ask for female financial advisers
When she wanted to start Ellevest, a digital investment platform for women, Sallie Krawcheck approached several large banks for funding. She presented the concept, demonstrated the need and how large the market was, but nobody got it.