Waterfield Advisors Champions Women's Empowerment in India's Wealth Management Revolution

Mar 22, 2024 Hubbis

In a groundbreaking study titled "Catalyzing a Cultural Shift in Wealth Management," conducted in India by March 2024, the changing role of women in the realm of wealth creation and management is illuminated. Spearheaded by Waterfield Advisors, this comprehensive report, introduced with a quote from Michelle Obama, underscores the dynamic shift towards financial independence and leadership by women in the global economy, particularly within India's traditionally patriarchal society.

India now boasts the fifth-highest number of women billionaires globally, a testament to their growing influence in the economic sphere. The study, led by Nita Shivdasani, Managing Director & Head of HERitage at Waterfield Advisors, delves into the investment behaviors, preferences, and service expectations of 104 high-net-worth Indian women, revealing a stark gap between their financial aspirations and the services currently available to them.

The findings highlight a strong inclination among these women towards diverse investment avenues, a keen desire to deepen their financial knowledge, and a notable trend of risk aversion. Despite their growing participation in the financial landscape, many feel underserved by the existing wealth management industry, signaling a need for more personalized and gender-sensitive advisory services.

This call for a paradigm shift in wealth management to better cater to the unique needs of women investors across India is echoed throughout the report. It emphasizes the necessity of a more inclusive and empowering financial ecosystem, which not only addresses the distinct goals and challenges faced by women but also contributes to a broader cultural movement towards financial equality.

For a deeper insight into the findings and recommendations of this pivotal study, access the full report at Women of Wealth - Heritage Survey Report.