Financial advice is incredibly beneficial for anyone wanting to manage their wealth, plan for the future, and feel more secure in the decisions they make.
 
This is especially true for women.
 
Indeed, research from Schroders reveals that, by the end of 2025, around 60% of the UK’s wealth is predicted to be in the hands of women [1]. 

Despite this, women are still less likely to seek professional financial advice than men. In fact, according to a study from Canada Life, women are more likely to seek advice from family members, whereas men are more likely to seek professional guidance [2]. 

Earlier this month marked International Women’s Day, this could be the perfect time to explore why this advice gap exists, and some practical steps to give you the confidence to reach out to us for bespoke advice.

There are a number of reasons why women are less likely to seek advice than men

One of the most significant reasons why women might be more hesitant than men to seek out advice is that they lack confidence.

Indeed, there’s often the perception that financial matters are too complex for them to deal with, potentially leading some women to feel as though they lack the experience needed to manage their wealth.
 
This can create a high barrier to entry, making it difficult to take the first step towards seeking professional advice.
 
It’s also worth noting that the financial services profession is still very much male dominated. Research reported by FTAdviser shows that only 18% of financial advisers in the UK are women [3].
 
This could make some women feel uncomfortable about reaching out for support.
 
The gender imbalance in the advice profession could also be contributing to archaic and outdated societal and cultural beliefs where financial matters are viewed as a “man’s responsibility”.
 
Along with other contributing factors, this might lead to married or partnered women taking a back seat where household finances are concerned.

Read more: Women, do you have a financial back-up plan? Here’s why it matters 

While these attitudes are, thankfully, slowly starting to subside, they still affect how finances are handled in relationships, even today.
 
Finally, women face unique financial challenges – such as the gender pensions gap and taking career breaks due to caring responsibilities – that men often don’t encounter.

Read more: What is the gender pensions gap and how could you close it?

3 practical steps to help you improve your financial confidence and seek advice

If you’re a woman and want to gain the confidence to access professional advice, here are three practical steps to help you.

1. Figure out your objectives 
A helpful first step to improve your confidence can be to take some time to figure out your financial goals and aspirations.

For instance, you might want to accumulate your own retirement fund to support your dream lifestyle in the next phase of your life. Or, you might simply want to start investing to grow your wealth over time.
 
Whatever your goals are, having a clear idea of what you want could give you the motivation to seek advice knowing that a planner could help you reach these goals.

2. Improve your personal financial literacy
When you’ve figured out your milestones, it could then be worth improving your personal financial literacy.

Of course, while financial planners can guide you with this, having a basic understanding of the key concepts – such as tax planning, investments, and pensions – could help to “demystify” these topics.
 
You don’t have to spend hours understanding complicated topics, either – even familiarising yourself with the basics could give you the push needed to make informed choices regarding your finances.

3. Step outside of your comfort zone
It’s entirely normal to feel some discomfort when you’re dealing with your wealth, but personal growth often comes from stepping outside of your comfort zone.
 
If you’re willing to ask questions, discuss your finances openly, and seek professional guidance, you might be more likely to improve your financial confidence. 

This is because the more you engage, the easier these conversations become – especially with a financial planner who has your best interests at heart.

Get in touch

We are here to give you the confidence needed to manage your wealth and secure your financial future.

Email [email protected] or call us on 0800 048 0150 to find out more.

Please note
The information contained in this article is based on the opinion of Titan Wealth Planning and does not constitute financial advice or a recommendation for any investment or retirement strategy.

A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Past performance is not a reliable indicator of future performance. 

The tax implications of pension withdrawals will be based on your individual circumstances. Thresholds, percentage rates, and tax legislation may change in subsequent Finance Acts. 

The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. 

Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.

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