Why do women need to take a different approach to financial planning and investing? 

Did you know:

• Women require more savings for retirement, because they tend to have longer lifespans
• There is still a gender pay gap - women earn approximately 90% of what men do, which means they have less $ available for savings
• Women potentially have a gap in employment due to caregiving responsibilities
• Women tend to have less confidence when it comes to investing, but when they do invest, they outperform men by 40 basis points annually.

According to a new study,* "the advisor industry at large hasn’t been listening to women investors. In fact, women are more disappointed, more disengaged and more likely to leave their male financial advisors than ever before."

Women should be a part of financial discussions and decisions. We should choose an advisor we are comfortable with, because it is very likely to be a longer relationship for us than it is for our spouse. 

If you are currently working with an advisor who does not listen to you, and you feel disengaged, please reach out to me. I'd love to have a chat to see if I can be of assistance in achieving your financial goals, and live your best life: jackie.vanvliet@cibc.com 604-307-8536.

*New York Life Investments’ Advisor Advancement Institute.