Goal-oriented planning for women clients

As financial planners, we all know the importance of a tailored approach. But when it comes to single and widowed women, that personalization becomes even more critical. When supporting single, widowed clients, here are some questions I consider: ➡️ Has my client been involved in past financial decisions? Understanding their level of experience is crucial for a smooth transition and building trust. ➡️ What is her level of financial knowledge? My goal with widowed or newly single clients (as with all my clients) is to provide clear explanations and empower them to make informed decisions. ➡️ What additional support do they need? Financial planning goes beyond investments. I help my clients identify and build a reliable support network for their long-term wellbeing. Our role as financial planners extends beyond technical expertise. We become decision partners for our clients, walking alongside them through life's changes. By incorporating these strategies and practicing client first financial planning, you can build stronger client relationships and empower your single and widowed clients to achieve their financial goals. What resources can we leverage within our network to further support these clients?

🔔 OpenAI’s hot new usage study surfaced a breakthrough signal for wealth management industry and fundraising Women now make up 52% of ChatGPT users 😎 In the early days up to 80% were men. Usage has also shifted toward practical guidance and writing over coding, and adoption is accelerating across lower income countries. If you are in wealth management the takeaway is clear. Start listening to women more. See them. Make them feel visible. Women already control $10T in U.S. household financial assets. Several firms project that number could approach $30T by 2030 as wealth transfers accelerate. Service must shift from product sales to life outcomes. BlackRock’s guidance is simple. Women prefer goals based conversations over benchmark talk. Translate returns into life plans. What does a 3% drawdown mean for a child’s education or a second home. Plan across generations. Goldman Sachs notes that engaging the next generation early and often builds confidence and keeps families connected to their advisors. They also highlight a stark fact. About 70% of widows change advisors within a year when they never felt included. Make difficult topics standard in your process. Divorce. Death. Caregiving. These are not edge cases. Cerulli Associates estimates $54T will pass first to widows through 2048. Women also live longer and face more career interruptions due to caregiving. Holistic planning is not optional. Elevate values and sustainability in portfolio dialogue. UBS finds 71% of women consider sustainable factors when investing versus 58% of men. Family Wealth Report and UBS also flag a communication gap. Many inheritors have had few real conversations about wealth transfer before it happens. Close that gap with structured family meetings and education. What to change now as I see it 👇🏼 • Reframe reviews around goals, cash flow, and life events, not beating an index • Build a multi generational engagement plan that includes children and next gen decision makers • Add a standing conversation track on estate, trusts, liquidity for life transitions, and preparedness for widowhood • Offer education modules that pair AI assisted research with advisor coaching, so clients can explore and then decide with you • Diversify your advisor bench and client service teams to reflect who actually holds and will hold wealth The headline is not just that women are using ChatGPT more. It is that a new majority of AI native clients are telling us how they want to learn, decide, and plan. Advisors who adapt will capture the next decade of relationships. Those who do not will be replaced. #familyoffice #wealthmanagement #ai #money #investing

Top Financial Planning Tips for Women to Secure Their Future Financial planning is a cornerstone of independence & security. Yet, women often face unique challenges that necessitate tailored strategies longer life expectancies, career breaks, or wage gaps. Whether you're a working professional, entrepreneur, or homemaker, taking charge of your finances is crucial for achieving long-term stability & confidence. >Start With Clear Financial Goals: Define what financial security means to you. Is it buying a home, funding your child’s education, or retiring comfortably? Clear goals act as a roadmap, enabling you to allocate resources effectively. >Build an Emergency Fund: Life is unpredictable,& an emergency fund acts as a safety net during tough times. Aim to save at least 6–12 months of living expenses in a liquid, easily accessible account. >Prioritize Insurance Coverage: Adequate insurance protects you and your family from unforeseen financial strain.Women-specific insurance plans can provide added benefits, such as maternity coverage or critical illness protection. > Invest for Long-Term Growth: Don’t let your savings sit idle. Start investing in instruments like mutual funds, stocks, or ETFs to outpace inflation & grow your wealth. > Take Advantage of Tax-Saving Opportunities: Use tax-saving tools like Public Provident Fund, National Pension System, or equity-linked savings schemes. >Plan for Retirement Early: Women tend to live longer than men, making retirement planning even more critical. Start investing in retirement-focused schemes like NPS or create a diversified portfolio to generate steady income in your golden years. > Address the Gender Pay Gap: If you feel you're underpaid, don’t hesitate to negotiate your salary or explore additional income streams, such as freelancing, consulting, or passive income investments. Financial independence starts with earning your worth. > Educate Yourself About Finances: Financial literacy is a powerful tool. Attend workshops, read books, or use online resources to improve your understanding of budgeting, investments, and wealth management. Knowledge empowers you to make confident and informed decisions. >Consider Estate Planning: Don’t overlook the importance of a will, trust, or power of attorney. Estate planning ensures your assets are distributed as per your wishes and avoids legal complications for your loved ones. >Seek Professional Guidance: If managing finances feels overwhelming, consult a financial advisor. An expert can help you tailor strategies to meet your unique needs, ensuring your financial plan stays on track. Securing your financial future is a journey, not a destination. By starting early, staying disciplined, and educating yourself, you can create a solid financial foundation that supports your aspirations and provides peace of mind. Follow #ROSHAANMAHBUBANI for more insights & updates on #investmentstrategies.