On average, women around the world are expected to reach retirement with just 74% of the wealth accumulated by men, according to a study by WTW, the insurance and consulting firm also known as Willis Towers Watson.
The study, which included results from 39 countries, found that women in senior expert and leadership roles were found to have 62% of the accumulated wealth that their male counterparts enjoyed at retirement. For midlevel professional and technical roles, the gap was still substantial at 69%, but it narrowed considerably to 89% for frontline operational roles, WTW said in a release.
Globally, the U.S.’ gender wealth gap was just above the global average at 75%, while Canada performed slightly better at 78%. Nigeria has the highest gender wealth gap in the study at 60%, closely followed by Argentina at 61% and Mexico and Turkey, each at 63%.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
New name draws on founder's family history as consolidation reshapes the broker-dealer landscape.
Deal brings tech-focused planning expertise, expanded Pacific Northwest presence to national RIA platform.
Five low-cost index ETFs to anchor Trump Accounts as advisors weigh options against 529 and UTMA plans for clients
A bipartisan proposal aimed at aligning advisor compensation rules with modern business structures is headed to the full House.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
