The Unbiased study, based on a survey of over 1,200 financial advice seekers, revealed that women, on average, possess £60,000 less in assets than men (£220,425 compared to £160,030).
The research showed 74% of women said they were seeking advice exclusively for themselves, compared to 65% of men.
Saltus and L.E.K. Consulting found retirement planning and estate planning, including passing on wealth, were the top client priorities at 31% each.Â
The study found that property is the main asset discussed during divorce proceedings for over 50s.
Households that owned their property outright saw the biggest increase in median financial wealth, rising by £4,300.
The industry must be prepared for a transfer of wealth to a savvy digital generation of conscientious investors
Three-in-five (58%) HNWIs admit their money ‘makes them anxious’, with twice as many over 55s feeling anxious than they did six months ago.