RBC Wealth Management has joined the WealthiHer Network as a founding member to celebrate and empower women in the financial services industry.
The network, which was set up in May 2019, aims to ensure female clients are understood, truly accepted and better supported to protect and grow their wealth.
RBC has joined a number of firms in the network; including Barclays Private Bank, Brewin Dolphin, Brown Advisory, Chubb, Close Brothers Asset Management, HSBC Private Banking, JP Morgan, Julius Baer, Kleinwort Hambros, Reddings Wealth Management, Rothschilds & Co and Irwin Mitchell.
Forefront
Annabel Bosman, managing director and head of relationship management at RBC Wealth Management, said: “Diversity and inclusion are key core RBC values that guide, unite and inspire us, and reflect the range of clients and communities that we serve.
“Joining the WealthiHer Network is a great opportunity for RBC to be at the forefront of celebrating, inspiring and empowering our female clients.
“As an industry we’re starting to make real progress in this area, but recognise that there is still a long way to go.
“We’re excited that, together with the WealthiHer Network, we can help to make a real and lasting impact.”
Change needed
International Adviser interviewed Tamara Gillan, co-founder of the WealthiHer Network, in March 2020, and she said women have a “lack of financial confidence borne out of a lack of knowledge”.
“Woman are also more risk aware, which is different to being risk adverse. They are more considered when it comes to investing, they want more information and more detail on the outcomes.
“Currently, women’s propensity to make investments is around 40% less than men. This needs to change.”
