A new whitepaper from wealth management company, JBWere, has highlighted the growing confidence of women to manage their finances and financial markets, as the number of female high-net-worth (HNW) investors continues to rise.

The whitepaper completed in association with CoreData, titled The growth of Women and Wealth, found HNW female investors presented similar risk profiles to HNW male investors, with 21 per cent of women identifying as an aggressive investor (versus 20 per cent for men). One hundred per cent of women said they had a “moderate or good knowledge of the relationship between investment risk and return”, compared to 96 per cent of men.

“More than ever women are taking charge of their finances and are seeking to be actively engaged with their investment portfolio. When HNW women seek investment advice we know that they’re wanting to see a range of different investment options across both traditional and non-traditional assets and not be pigeonholed into products considered to have less risk,” JBWere Australia chief executive, Maria Lykouras, said.