Some studies have recently shown women in the United States are slowly starting to take the reigns on household finances.
Tracie Mcmillion, Head of Global Asset Allocation Strategy at Wells Fargo Investment Institute, broke down what advisers tell their women clients. She noted that some women have a tendency to shy away from stocks, although it's also true that U.S. retirement investors at large have shied away from stocks more than they do historically.
Here's an excerpt from the video:
"So we would say that advisers should talk with their clients -- their women clients in particular -- about the benefits of investing in equities over time, how they can grow more than other assets like bonds. And it's interesting to note that over a ten year rolling period a portfolio that is invested in 60% U.S. large cap stocks and 40% U.S. bonds has not had a negative ten year period since 1950. So going all the way back almost 70 years, no 10 year period has had a negative return."
To hear more, watch the video above.