Business
Women constitute 51 percent of the population and are earning, inheriting and controlling more money than ever. Yet a recent survey across the United States, United Kingdom and Asia surveyed women with a personal income of at least $100,000, or investable assets of $500,000 or more, and the research indicated that more than half of women surveyed do not have financial advisors. In the U.S., 47% of female wealth creators and 75% of women under 40 report not having an advisor. The numbers are high even in the upper end of the market. While having a financial advisor is not required to become financially empowered, many women can benefit from some type of financial guidance but for whatever reason don’t choose to pursue it. Maybe they don’t know whom to trust or maybe they simply don’t think that they can afford it. Professor Laura tells the story behind Financially Empowering Women and her vision of sharing financial guidance to women who, for whatever reason, do not have someone that they trust to help them. One of her goals is to help women sort through the constant deluge of irrelevant information, misinformation and conflicted information. In this age of information, we hear the mantra, “content is king.” But it’s important to remember that while content is important, context is more important – that for content to be meaningful, we must assure that it is significant and accurate, and that it comes from a reliable source.