From Yahoo Finance: 2025-03-31 10:39:00

Wealth transfer is a hot topic in private banking, with trillions set to change hands. Maryann Umoren Selfe from BIL Suisse emphasizes the importance of relevance to clients’ identities. Women are poised to inherit significant wealth, yet the investment landscape has not fully adapted to their needs and interests, particularly in sectors like women’s health.

The relationship between banks and clients is evolving towards purpose-driven investing. Women inheriting wealth seek to create impact and support causes they care about. Investment strategies are expanding beyond traditional asset allocation to include private markets, like venture capital and private equity in sectors such as women’s health.

To stay relevant, wealth managers must offer tailored, values-aligned strategies for women investors. Expanding access to private markets, developing gender-lens investment funds, and providing educational resources are key. By aligning wealth with purpose, women can actively shape the world they want to see, creating a more transformational wealth transfer.

Wealth transfer is not just a financial event, but a moment of identity shift. For women, it raises questions of legacy and purpose. Conversations should focus on how wealth can shape the world they want to see before it changes hands. Aligning wealth with purpose can lead to a more meaningful transfer of wealth.

Read more: wealth transfer must be relevant