When financial advisors look to work with women, they should keep two things in mind: the wooing process tends to take longer, but they are usually more loyal, according to Sallie Krawcheck, president of Bank of America Merrill Lynch's global wealth and investment management unit.
The remarks came as part of the firm's wealth management panel on women and retirement. As women come to represent more of the professional population -- 58% of college graduates and 54% of U.S. professional and managerial jobs -- they must be more vigilant in building wealth and retirement savings.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access