Should We Give Customize Financial Advice for Women?
These day, if you want to get to the top of your career, hard work will not do; you need to plan well and strategize. For busy young women professionals or those who do not know much about financial management and planning, hiring a financial advisor or representative might seem like a good option. However, some financial advice may not turn out the same way to women of different demographics. It is for this reason that research is done on this exactly, and Fidelity, who provides employer-based retirement accounts, took part in this project by liberating financial advice from the traditional ones tailored to fit everyone to more specific advice, this time depending on each woman client’s demographic. According to the consulting firm’s representative, a significant number of companies and organizations offering financial advisor and planning services are beginning to see that financial advice is not “one-size-fits-all”; the number continues to grow up steadily as well. They have started changing the format of the planning and information they provide to their clients based on several factors — for example, women’s nationality, income groups, career direction, and amount of credit/debt. The challenges women face The customized way of advising and planning [...]
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