This study provides an overview of professional and executive women, many of whom have profit and loss responsibilities at work and the majority of whom share responsibilities for household financial decisions.
The biggest concerns for future were having enough money to retire (62%), outliving their incomes (49%), and having enough money for health care (46%)
Action steps to ensure financial security included: increasing emphasis on guaranteed income for retirement (42%) and contributing more to 401(k)s, pensions, or savings (27%).
Most important factors in choosing and keeping an advisor are feelings of trust and respect (61%), fees (54%), focus on their goals (50%), and record of investment performance (49%)
The study, conducted by Harris Interactive, was an online poll of women age 45-70 with personal incomes of $75,000 or more or household incomes of $100, 000 or more. Respondents were employed full-time, considered themselves professional, manager/executive, middle manager or self employed and participated in household financial decisions.