HSBC Private Bank warned that private banks could miss out on an opportunity exceeding $100 trillion as women are expected to control around $113 trillion—about 40% of global investible wealth—within the next five years.
The bank said wealthy women have traditionally been underserved by financial institutions, with many firms still lacking a client-focused strategy designed specifically for female clients.
According to HSBC, women are more inclined to view wealth as a means to secure retirement, finance their children’s education, and contribute positively to society. They are also nine percentage points more likely to support philanthropic causes.
The report highlighted investment access, financial advice and engagement, and entrepreneurial wealth as key areas where private banks must adjust their approach. It noted that women remain underrepresented in private markets and direct investments, and many report lower confidence when making investment decisions.
HSBC added that female entrepreneurs continue to encounter challenges when building and expanding businesses, particularly in securing capital and developing professional networks. Its research showed women are six percentage points less likely than men to have a mentor who can offer business guidance and support.
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