11.05.25

Advisors Must Get Women Involved in Financial Decisions

by: Financial Advisor

A new study by BMO highlights that women who actively participate in financial decisions during marriage feel more confident managing money after divorce. Only 36% of women who deferred finances to their spouse felt confident post-divorce, compared to 64% who were involved. Experts warn that lack of engagement can lead to poor financial literacy, hidden liabilities and vulnerability in divorce settlements. Advisors urge women to attend meetings, understand budgeting and investments and maintain organized records. Active involvement not only builds confidence but also safeguards long-term financial security, particularly as women live longer and often face financial decisions alone later in life.

Read the full article on InvestmentNews