According to Bank of America, it is expected that by 2030, American women will control $300 trillion of wealth, equal to 38% of all investable assets. As wealth transfer develops, the focus of the discussion is on how women maximize their economic capacity when building wealth.
Mercer Advisors Executive Managing Director Jessica Caruso joined Fortune to discuss the importance of personalized financial strategies to women.
“Women are controlling more and more wealth, and for every woman, strategy, financial planning and investment should be different,” Caruso told host Madison Mills. “I think at the end of the day, money is just a tool or resource that can help us achieve each individual goal, and it should be aligned with what is important to us.”
Caruso also highlighted the value of the plan, stating that “the first suggestion is to create a plan and get some comprehensive support around the appearance of the plan.”
Watch the video above to learn more about Caruso’s insight into how women develop financial plans that align with their unique goals and values.
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This article was written by Josh Lynch
