High net worth (HNW) female are actively taking control of their finances earlier then even, and almost a decade before their male peers, according to new figures from finadaWEALTHMANAGER.com.

The free online matching service said over the past year the average age of female users of the platform has fallen from 50 to 43, while the average age of male users has remained stable at 52.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Lee Goggin, co-founder of findaWEALTHMANAGER.com, said: "Today, 1 in 10 UK millionaires are women, but achieving financial independence is a priority for much of the female population. We’ve noticed high net worth women are looking for wealth management earlier in their lives, and in fact far sooner than men. Recent developments around pensions in particular have highlighted the need for proper financial planning and it seems that women have really taken this on board.

"We find it’s often the case that significant life events – like starting a family, changing career, getting married or conversely getting divorced – push women to seek out a wealth manager. These kinds of changes make them realise they need to take steps to safeguard their financial future. We don’t think it’s a coincidence that the average age UK women go through divorce is 42 and the average age of our female users is 43."

Lee Goggin added:"Women hold more wealth than ever now and we’d like to see greater numbers taking a more proactive role in managing that wealth."

However, the site also reported that women are still far less active in investing than men, which is commonly attributed to fears around a lack of knowledge and stress.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.