BlackRock Report Highlights Untapped Wealth Management Opportunity…

Event summary

BlackRock's report surveyed 1,000 affluent women and 400 financial advisors, revealing a significant advice gap.
Women prioritize growing wealth (vs. preserving it), with 41% focusing on tax outcomes, but only 12% of advisors recognize this.
45% of women with $10M+ in assets and 40% with $5M+ are not working with a financial advisor.
35% of women plan to switch advisors in the next two years due to unmet needs for coordinated advice.
92% of advisors serving high-net-worth clients report being frequently asked for tax guidance, but only 17% prioritize after-tax returns.

The big picture

BlackRock's findings underscore a broader industry shift where women are no longer a niche segment but a key driver of wealth creation. With women expected to control $34 trillion in U.S. investable assets by 2030, advisors who fail to align with their priorities risk missing out on a massive growth opportunity. The report highlights a structural disconnect between advisor perceptions and client realities, suggesting a need for more holistic, tax-aware financial advice.

What we're watching

Advisor Adaptation: How financial advisors will adjust their strategies to better serve affluent women's evolving priorities, particularly around tax management and wealth growth.
Market Shift: Whether the wealth management industry will recognize women as a leading indicator of broader investor expectations, reshaping advice models.
Retention Risk: The pace at which advisors address unmet needs among women clients, particularly those under 45, to prevent a wave of advisor switches.