AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Target: Women: Are your investment and insurance programs adding more female clients? Find out how to succeed in this underserved market.

Bank Investment Consultant

| October 01, 2004 | Sisk, Michael | COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Looking for "the greatest untapped source of revenue" for the remainder of the decade? If so, marketing consultant Mark Alarik says you should look no further than the woman who just walked into your branch - and the millions just like her who may potentially choose your bank.

Alarik, whose consulting firm, Sales Overlays Inc., in Barrington, Ill., specializes in marketing to women and Baby Boomers, says that effectively marketing to women will make the difference in the years ahead.

The statistics cited in a white paper co-authored by Alarik and Martha Barletta, author of Marketing to Women, back up his claim: Women control or influence 67% of household investment decisions; 37% of small businesses are owned by women; 70% of new businesses are started by women; and 43% of Americans with $500,000 or more in investable assets are women. Furthermore, according to figures provided by Jenny Ward, vice president and women's market leader at Wachovia Bank, 48% of estates worth more than $5 million are controlled by women, compared to the 35% controlled by men (the remainder is jointly controlled).

Demographics are driving the trend. Female Boomers constitute the first generation of women to accumulate significant wealth in their own right. They also will be among the recipients of the largest intergenerational transfer of wealth ever to occur, and most will outlive …

Related articles from newspapers, magazines, journals, and more
Wealthy women drive household spending.(research on women)
Newspaper article from: Marketing to Women: Addressing Women and Women's Sensibilities July 1, 2008 700+ words
...on the finer things in life, wealthy women are drivers of their household...the results: * Nine out of ten wealthy women (defined as having an income...worth) are married. * Married wealthy women, on average, make almost two...
Number Of Wealthy Women Rising Around The Globe, Finds Merrill Lynch And Cap...
Press release article from: Business Wire June 24, 2002 700+ words
...June 24, 2002 The number of wealthy women around the globe is growing...Mr. Marks noted the number of wealthy women investors in the U.S. also...1996 through 1998, the number of wealthy women in the U.S. grew 68%, while...
Wealthy women on the rise say NAB.
News wire article from: Asia Africa Intelligence Wire October 25, 2005 700+ words
...Wire) Byline: Caroline Adam Wealthy women are believed to be growing in...witnessing an increase in the number of wealthy women," said George Frazis, executive...year." He said the number of wealthy women was growing at a comparatively...
Stereotypes of Wealthy Women Challenged In New Study From Asset Management...
Press release article from: PR Newswire March 5, 2007 700+ words
...PALM BEACH, Fla., March 5 /PRNewswire/ -- Wealthy women today are not only wealthy, but well educated...had a Master's or Ph.D. -- A majority of wealthy women work: 53% of the women surveyed are employed and manage their own careers...
Wealthy women give to women.(USA)
Newspaper article from: The Christian Science Monitor Lampman, Jane July 30, 2008 700+ words
...mark for women's funds. With research showing that lower-income women donate a higher percentage of their income than wealthy women, the Hunt sisters felt it was time for women of wealth to put more money on the table. Helen and Swanee (director...
Infographic: Wealthy Women Need Financial Advice.(Brief Article)(Statistical...
Magazine article from: ABA Bank Marketing October 1, 2001 700+ words
Infographic Wealthy Women Need Financial Advice Women in the wealth market (households with annual incomes of...financial advice: Wealthy men 47% All wealthy people 41% Wealthy women 34% Total population 33% Source: HNW Wealth & Women...
Wealthy women prime market for advisors: study.
News wire article from: The America's Intelligence Wire March 18, 2004 700+ words
...Byline: Renae Merle NEW YORK - Wealthy women in the United States who make investment...according to a study. Among affluent women, those who have at least US$500...the financial services industry. Women guide the investment decisions of...
MIDDLE EAST: New Gulf bank for wealthy women.
News wire article from: Europe Intelligence Wire July 20, 2006 700+ words
...Islamic investment firm aimed at wealthy women in Bahrain. The bank, which has...banking services for the region's women, but we do not have a bank dedicated...in this field which will be run by women banking experts with high qualifications...
From loans to Sloanes: Cowham's upmarket shops: Loans.co.uk founder to launch...
Magazine article from: Property Week Chesters, Laura August 11, 2006 700+ words
A NEW CONCEPT IN UPMARKET women's retailing is set to open on London...high-end grooming products to busy, wealthy women who need somewhere to change and freshen...exploit the lack of suitable places for women to change between work and going out...
Golfing catalogue lists wealthy women golfers. (List File).(Brief Article)
Magazine article from: Precision Marketing Balmond, Sarah May 23, 2003 700+ words
One Up Golf, the UK's leading women's golf clothing catalogue, is making its updated file of over...MMS). One Up Golf specialises in golf wear and accessories for women. MMS says names are sourced from individuals who have purchased...
For more facts and information, see all results

Source: HighBeam Research, Target: Women: Are your investment and insurance programs adding more...

©2010 Gale, a part of Cengage Learning. All rights reserved. About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily