The Growing Importance of Women in Family Wealth Planning: A Focus on Family Legacy and Financial Security

In the evolving landscape of wealth management, one trend has become undeniably clear - women are no longer just beneficiaries of family wealth; they are increasingly at the helm of wealth creation, management, and transfer.

- Arunima Nain Head - Family Office & Private Wealth, Axis AMC

The significance of their growing involvement in family financial decision-making cannot be overstated. This is a trend that has been especially noticeable in family offices and private wealth management, where more and more women are taking on leadership roles in managing their family's financial future.

According to Boston Consulting Group, women control over a third of the world's wealth. This statistic is not just a number - it reflects a broader cultural and financial shift. More women are not only inheriting wealth but are also actively engaging in managing it. Whether through entrepreneurship, investments, or family offices, women are stepping into positions of power and making decisions that impact the future of family wealth. This growing influence represents a fundamental change in how wealth is managed across generations.

While this is good news, there is a flip side to it as well. According to Barclays, eight out of 10 women from wealthy families stand to inherit significant wealth over the next two decades, yet only half that number are involved in financial decision-making. This gap can be largely attributed to the lack of female representation in wealth management roles - a concern we must address urgently.