The Great Wealth Transfer: Is 2025 The Year More Women Become Financial Advisors?

Is 2025 (I know, we can’t believe it either) the year you take true control over your career? The financial advisory field is undergoing a transformation, and women are at the forefront of this exciting change. 

Here at Consolidated Planning, our firm is built on the freedom to shape your practice, the support to excel, and the opportunity to create a lasting impact in your clients’ lives.

In what follows, we’ll uncover the top three reasons 2025 might be the year for  more women to finally take the leap into that financial advising career, how that correlates to your unique skill set, all so you can decide if you’re ready to step into this role.

 

What Is The Great Wealth Transfer?

The Great Wealth Transfer is mostly exactly how it sounds. This refers to the unprecedented transfer of wealth expected to occur over the next few decades as baby boomers pass their assets onto younger generations with an estimated $84 trillion inherited to Gen X and Millennials. More specifically, according to research by McKinsey & Company, $30 trillion is set to change hands by 2030, with the vast portion of this wealth controlled or inherited by women. 

2030. That’s only 5 years away.

Again, we can’t believe it either.

This shift is already reshaping the financial landscape, as women increasingly take on leadership roles in wealth management and long-term financial planning.

So, why not you?

For women interested in becoming financial advisors, the Great Wealth Transfer offers you a unique opportunity to help others navigate these significant life transitions while building lasting financial stability for their families.

 

3 Ways Women Financial Advisors Can Harness The Great Wealth Transfer To Build Their Practice

As women begin to inherit more wealth, their influence on financial decision-making grows. With this, the desire for advisors who understand the values and priorities of women, particularly around creating a lasting legacy for their families, grows as well. Women advisors are uniquely positioned to connect with clients who seek not just financial growth but also alignment with personal and generational goals. And that’s what financial advising is (or should be) an alignment of goals.

 

#1 Increased Financial Literacy

Regardless of marital status, financial literacy among women is on the rise. More women are taking the reins of their personal finances and/or household finances, educating themselves on investments, and seeking strategies to protect their financial futures. 

This trend creates a significant opportunity for women to enter the financial advisory space. Who better to guide other women on their financial journeys than someone who understands the unique challenges they may face?

 

#2 Demand for Relationship-Based Advising

More than ever consumers are prioritizing relationships over transactions, particularly in wealth management. Women tend to excel in client relationships with both empathy and communication allowing them to address clients’ deeper financial goals. Reading between the lines, if you will. 

As financial decisions increasingly revolve around long-term outcomes — such as saving for children’s education, retirement, or creating generational wealth — clients often seek advisors who act as more than a transaction. Relationship-based advising offers women the chance to provide a more holistic approach to wealth-building for their clients.

 

#3 Shifting Industry Landscape

Along with the desire for more relationship-based financial advising, the industry itself is evolving to follow suit. With the rise in automation – from routine tasks to marketing, advisors can focus on personalized services that better align with their clients’ life goals. Automation in this field allows women to thrive in this environment where emotional intelligence, strategic thinking, and personalized planning are paramount. The details matter just in a different way.

 

Is A Career In Financial Advising Right For Your Skill Set?

The year 2025 holds immense promise for women aspiring to become financial advisors. By capitalizing on the Great Wealth Transfer, women can begin building their client base and play a pivotal role in helping clients navigate the largest generational shift in wealth in history.

You just have to get started.

To understand how you can utilize your unique skill set and offerings to build a thriving financial practice, chat with a team member at Consolidated Planning.

 

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Exp. 1/2027