{"id":336975,"date":"2026-03-13T09:35:26","date_gmt":"2026-03-13T09:35:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/336975\/"},"modified":"2026-03-13T09:35:26","modified_gmt":"2026-03-13T09:35:26","slug":"private-banks-failing-to-cater-to-womens-financial-needs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/336975\/","title":{"rendered":"Private banks failing to cater to women\u2019s financial needs"},"content":{"rendered":"<p>                    <a class=\"section\" href=\"https:\/\/www.theasset.com\/section\/wealth-management\" rel=\"nofollow noopener\" target=\"_blank\">Wealth Management<\/a><\/p>\n<p>\n                Private banks failing to cater to women\u2019s financial needs            <\/p>\n<p>\n                Historically under-served compared with men, females control greater proportion of wealth than ever before            <\/p>\n<p>                        The Asset                    <\/p>\n<p>                \u00a0<\/p>\n<p>                    11 Mar 2026\n            <\/p>\n<p>Women create, inherit and control a greater proportion of wealth than ever before, yet many financial institutions are failing to adapt their approach to women\u2019s financial needs, according to a recent report.<\/p>\n<p>Wealthy women have historically been under-served compared with men, as many financial institutions have yet to fully embrace a client-centric approach to engage female clients, and this is partly because many are failing to understand some of the gender differences between male and female investors, finds HSBC Private Bank\u2019s Women and Wealth: A Global Opportunity report.<\/p>\n<p>Women are more likely, the report notes, to believe the purpose of their wealth is to plan for retirement or to fund their children\u2019s education. More women also want to make a positive impact on society, and they are, according to the bank\u2019s Global Entrepreneurial Wealth Report, nine percentage points more likely to support philanthropy.<\/p>\n<p>As women\u2019s wealth grows \u2013 with approximately 40% of investible global wealth set to be controlled by women in the next five years, according to McKinsey &amp; Co, amounting to US$113 trillion in assets \u2013 there are clear opportunities for firms to adapt their approach in certain areas, among them:<\/p>\n<p>&#13;<br \/>\n    Investment access \u2013 Women investors remain underrepresented in private markets and direct investment opportunities. Private banks have an opportunity to expand access and engagement in areas, such as private equity, venture capital and co-investments.&#13;<br \/>\n    Advice and engagement \u2013 Many women report lower confidence in investment decision-making, reflecting an industry that has historically been designed around male clients. There is an opportunity for private banks to provide clearer advice, education and engagement tailored to women investors.&#13;<br \/>\n    Entrepreneurial wealth \u2013 Female entrepreneurs continue to face barriers in building and scaling businesses, including access to capital and networks. They are six percentage points less likely, the bank\u2019s research shows, to have a mentor to provide business advice and guidance.&#13;<\/p>\n<p>\u201cThe greatest wealth transfer is under way and women are not just participants \u2013 they are decision makers, founders, investors and stewards of capital,\u201d says Ida Liu, the private bank\u2019s chief executive. \u201cWith women building, inheriting and directing capital at an unprecedented scale, the future of private banking will depend on how well we act as partners.\u201d<\/p>\n<p>Lavanya Chari, HSBC\u2019s head of wealth and premier solutions, adds: \u201cAs we see more women join the ranks of the ultra-wealthy, we are not only seeing a greater understanding of the make-up of their portfolios and the companies within them, but also increasing demand for a full suite of world-class investment solutions to meet their specific needs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Wealth Management Private banks failing to cater to women\u2019s financial needs Historically under-served compared with men, females control&hellip;\n","protected":false},"author":2,"featured_media":336976,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[114,268,85,46,266,267],"class_list":["post-336975","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-il","tag-israel","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/336975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=336975"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/336975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/336976"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=336975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=336975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=336975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}