Keep pulling the thread on Sherry Paul.
Sherry Paul predicts that the economic impact of women controlling more wealth will become significant within the next five years.
Sherry Paul believes the increasing control of wealth by women will be more disruptive to the U.S. economy than artificial intelligence.
An asset transfer valued at $30 trillion is currently underway in the United States, with women being major beneficiaries.
Women in the United States make 70% of consumer purchasing decisions.
Over 90% of women change their financial advisor following the death of a spouse or a divorce if they were not meaningfully included in the prior financial relationship.
Sherry Paul asserts that women, as a client segment, generally prefer collaborative financial advice over self-directed online investment platforms.
The U.S. economy is approximately 70% driven by consumption.
The fastest-growing segment of Sherry Paul's wealth management practice at Morgan Stanley is ultra-high-net-worth divorces involving Gen X women over the age of 50.
Sherry Paul predicts that the financial advisor of the future will focus more on relationship-oriented guidance rather than transactional advice.
Sherry Paul's team at Morgan Stanley was an early investor in AI-related themes for their client portfolios.
In the United States, Millennial women have surpassed Gen X women in both college attendance and workforce participation rates.