Lifestyle
It's an oft-asked question among working women- “Should I hire a female financial advisor?” Here are 5 reasons why you must
Updated : Feb 18, 2015, 02:40 PM IST
1. Women and men differ in their communication styles. Men are to the point, while women want to talk and express their feelings. It's important that you work with an advisor who listens and understands your goals.
2. We nurture, we like to educate. A lot of times women don't know everything about finances that is understandable and you need a safe space to open up. You need an advisor that can walk you through, as females we do that naturally, we nurture, we help.
3. We naturally relate to one another. We got bills to pay, go home cook and clean, meet deadlines at work. We want people who understand our financial goals are.
4. Women are empathetic. They can help people through transitions in their lives. They like to bring groups together and help people as a unit.
5. Women think differently than men. Women are more risk-averse, which is an important guiding principle in investments. Their focus is on stability; they prefer looking at how one goal can impact the whole.