Women play an outsize roll in their families’ finances, yet a majority of them are unprepared to give or receive wealth, new research by RBC Wealth Management shows.
In a survey released this week, 98 percent of women said they were the sole or joint decision maker for banking and 84 percent held joint or full responsibility for family investments.
The research also showed that inheritors are generally unprepared, uninformed and unsupported, women somewhat more so than men.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
