Investing
Financial Advisers Give Women Worse Advice Than Men in Hong Kong
- Biased attitude could cost advisers as women’s wealth rises
- Mystery-shoppers made repeated visits to local retail firms
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Women looking to manage their investments wisely now have another thing to worry about: whether the advice they are getting is biased.
A two-year academic study covering every local financial-planning firm in Hong Kong found consultants frequently pushed women into chancier investments than they recommended for men with similar risk appetite.