Investment Management Consultants Association (IMCA)

The opportunity to help women plan for retirement is great. Women control $11.2 trillion dollars in investable assets (Turner Moffitt 2015) and are forecast to hold two-thirds of the nation’s wealth by 2030 (O’Connor and Ettinger 2015). Women make up 44 percent of primary breadwinners and 48 percent of millionaires (O’Connor and Ettinger 2015).

Family wealth has emerged as the financial-industry topic of this decade, akin to what estate planning was in the ‘70s, investment planning in the ‘80s, financial planning in the ‘90s, and wealth management in the ‘00s. Today family wealth advisors serve 35,000 households that all together account for more than $5 trillion in assets.

After a family business has been successful and the family has accumulated wealth, what happens next? The answer has less to do with the business climate and more to do with the preparation and commitment of the young family members who must take their places as leaders and overseers of the family’s wealth.

When robo-advisors and the commoditization of investment management were first introduced a few years ago, many established financial professionals believed only a small minority of investors would opt for a purely technological investing experience.

We believe goals-based investing is the future of wealth management because it holistically solves the investor’s main challenge of optimizing assets to efficiently fund lifetime goals.