15.02.2024 – 08:10

Empowering Women: Navigating Wealth Management in Switzerland

Empowering Women: Navigating Wealth Management in Switzerland

In the dynamic landscape of wealth management, the concept of female wealth management is emerging as a niche yet increasingly important area. This article aims to explore what wealth management entails, how it intersects with the specific needs of women, and where to access female-focused wealth management services in Switzerland.

Understanding Wealth Management

Wealth management encompasses the comprehensive management of an individual's financial assets and investments to optimize growth and mitigate risk. It involves strategic planning, asset allocation, investment selection, tax optimization, and estate planning tailored to each client's financial goals and circumstances. It normally requires a certain amount of wealth to be accepted in the wealth management department of a bank, but there are interesting fintechs and even FINMA-licensed platforms around in Switzerland that take a smaller amount in order to help women build their female wealth. Please contact us for a list of FINMA licensed wealth managers focusing on women (the best solution perhaps is female FINMA licensed wealth managers focusing on women, but we have a list with a lot more names).

Introducing Female Wealth Management

Female wealth management recognizes the unique financial challenges and opportunities that women face throughout their lives. Women have a different lifecycle than men; they grow older, they invest for themselves and their families in a holistic manner, and they are long-term and value-oriented investors. Female wealth management takes into account factors such as longer life expectancies, career interruptions, caregiving responsibilities, and the gender pay gap. Female-focused wealth management aims to empower women to take control of their finances, build wealth, and achieve financial independence.

Accessing Female Wealth Management in Switzerland

Switzerland, renowned for its financial expertise and stability, offers various avenues for accessing female-focused wealth management services. Many private banks, wealth management firms, and financial advisors in Switzerland recognize the importance of catering to the specific needs of female clients. They provide tailored advice, specialized investment strategies, and holistic financial planning to address women's unique circumstances and goals. Write to us to get a list of potential managers.

Investment Accounts: A Gateway to Wealth Management

An investment account is a financial account held with a brokerage firm or financial institution that allows individuals to buy, sell, and hold investments such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs). It serves as a fundamental tool for participating in wealth management activities, including portfolio management, asset allocation, and investment planning.

Differentiating Female Wealth Management

Female wealth management differs from traditional private wealth management and retail investment services. While private wealth management typically targets high-net-worth individuals with personalized services, female wealth management goes beyond wealth preservation to empower women through education, support, and tailored financial solutions and wants to turn retail clients into non-wealthy individuals.

The Correlation Between Female Wealth Management and Investing in Women

Investing in women, whether through gender-lens investing or supporting women-led businesses, is closely aligned with the principles of female wealth management. By investing in initiatives that promote gender equality, women's empowerment, and economic inclusion, female investors can align their financial goals with their values while driving positive social and economic impact.

Gender Lens Investing vs. Investing in Females

Gender lens investing involves integrating gender-based criteria into investment decisions to promote gender equality and women's empowerment. It usually encompasses investing in companies with diverse leadership, fair employment practices, and products and services that benefit women. However, gender lens investing can also be understood as creating products for women like skin care, perfume, etc. Therefore, a little caution is deserved when a manager says he is doing gender-lens investing. Ask him or her to show their investment policy, the legal document that is binding on the manager on how he has to make investment decisions. Read carefully to determine whether criteria like fair payment addressing the gender gap are part of the requirements. While investing in females focuses specifically on supporting women entrepreneurs and businesses owned or led by women, gender lens investing can be a host of different concepts (we will talk about it next week).

Considering Gender Lens Investing

Women entering the investment space should consider gender-lens investing as a powerful tool for aligning their investments with their values and priorities. By incorporating gender considerations into their investment strategy, women can drive positive change while potentially achieving competitive financial returns.

Accessing Female Wealth Management Services

To access female wealth management services in Switzerland, individuals can start by researching and reaching out to financial institutions, private banks, and wealth management firms that offer specialized services for female clients. Or they can take the easy way and ask us for our experiences. It's essential to seek out advisors who understand the unique financial challenges and goals of women and can provide personalized guidance and support.

In conclusion, female wealth management represents a tailored approach to financial empowerment and independence for women. By understanding the specific needs and opportunities of women investors, accessing specialized wealth management services, and considering gender lens investing, women can take proactive steps towards achieving their financial goals and making a positive impact on society.

Can we support you on the way to your own wealth management? Book our Angel Training Program.

Investors club https://emotional-agility.dg1.com/vc4diversity/pages/memberships

Webseite https://swissfintechladies.com/

Karen Wendt

President of SwissFinTechLadies