13/02/2014
Fidelity to target women
P { margin-bottom: 0.08in; } Fidelity Investments will increasingly seek to attract female investors under the leadership of Abigail Johnson, who is positioning herself to succeed her father, Edward Johnson, aged 83, the Financial Times reports. “Across the board, women are unhappy with our industry,” she says in the Fidelity annual report. “Our research shows many lack confidence in their ability to make financial decisions, particularly younger women. Yet, at the same time, women are becoming increasingly powerful in our economy, controlling more wealth, often outearning their spouses, and making more retirement decisions.” Fidelity therefore wishes to encourage its advisers to involve both spouses in discussions of personal finance.
