June 15, 2011

Women More Likely to Consult a Professional Advisor

Women More Likely To Consult A Professional Advisor Women investors are more likely to consult a professional financial advisor than men, according to a new study of wealthy women investors released by the Spectrem Group on Tuesday. According to the Lake Forest, Ill.-based consulting firm, around 46 percent of those with a net worth of between $100,000 and $1 million rely primarily on a financial advisor for their information. Women's use of financial advice increases with wealth levels, according to the survey. Roughly 64 percent of female millionaire investors and 82 percent of female ultra-high-net-worth investors -- with assets of $5 million and up -- seek financial information from a professional advisor.

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