Industry Surveys
UK HNW Women Confident Of Business Opportunities - Survey

A new survey from The Economist Intelligence Unit (EIU) commissioned by RBC Wealth Management polled 207 respondents in the UK, with at least $1 million in assets, about their wealth.
The majority of high-net-worth women in the UK (92 per cent)
believe that they have greater opportunities to own their own
business than previous generations, compared with 80 per cent of
men, a new report has found.
A new survey from The Economist Intelligence Unit (EIU)
commissioned by RBC Wealth
Management polled 1,051 HNWIs across regions, genders and
generations, including 207 respondents in the UK, with at least
$1 million in assets, about their wealth. "Younger" is defined as
people born between 1965 and 2000 and "Older" is defined as
people born in 1945 or earlier.
The report also found that 72 per cent of younger HNW women said
that they will make more of an impact on the world with their
wealth than prior generations – among the highest of any
group surveyed.
Around 39 per cent of younger women in the UK said that they
align their investments with giving goals, compared with 18 per
cent of UK men of the same age. Some 56 per cent of HNW women in
the UK think the ability to create change through charitable
giving is becoming more important in defining wealth, compared
with 38 per cent of men.
And 31 per cent of UK female business owners saaid that
increasing the charitable or economic impact of their business,
or growing their business, is a top-three goal for their life as
a whole, compared with 27 per cent of other business owners
globally.
Some 73 per cent of female business owners in the UK said that it
is important to protect the livelihoods of their employees; this
figure was lower for male business owners, which stood at 68 per
cent.
Also, it found that 42 per cent of female business owners in the
UK are hoping to pass their businesses on to their offspring,
compared with only 24 per cent of men.
Overall, around 61 per cent of UK business owners state that it
is important to them that their business makes both a positive
economic and charitable impact on the community.
Furthermore, 65 per cent of female business owners said that it
is important that their businesses have a positive economic
impact on the communities in which they operate – maintaining
jobs and contributing to local economic growth – compared with 56
per cent of men.
“We are pleased and encouraged by these findings, which verify
that what we have been seeing across our client base for some
time is indicative of a broader shift in wealth creation,” said
Ross Jennings, head of sales and relationship management at RBC
Wealth Management – International. “The distribution of wealth
around the world is on the cusp of major change; women represent
an increasing share of wealth generation and have distinct goals
for their finances, prioritising values such as family legacy and
making a positive impact on the community. At RBC, we are laser
focused on ensuring we understand these priorities and goals so
that we can provide the best possible advice and service to meet
both.”