“It is dangerous to generalise but frequently, in the context of marriage breakdown, it is the wife who finds herself for the first time probably in many years having to cope with money. It is a strange, bewildering and often frightening landscape as the wife grapples to cope with decisions in relation to pension shares and investing a lump sum which will have to provide for her into her old age.
I think a woman financial adviser steals a march over her male counterpart in terms of approachability. It is generally easier for the female client to admit that she is clueless over finances to another woman than it is to a man; their relationship is more likely to be to viewed by the woman as one of equals and hence a relationship of trust will be built more quickly. I think also because the client will more readily admit to her ignorance to another woman that it will result in the advise being tailored accordingly (I find women do not love jargon to the same extent that men do) and the client will have a greater understanding and
be able to make truly informed decisions.
There will always be exceptions but my experience is that women clients who are at a crisis point in their lives when financial advise has to be given find a woman IFA far less patronising and threatening than a man”