How High-Net-Worth Investors are Approaching Capital Allocation | Bloomberg Businessweek

Bloomberg Audio Studios podcasts radio news. — You're listening to Bloomberg Business Week with Carol Masser and Tim Stenc on Bloomberg radio. — So the financial and retirement services company Empower, they have put this out. They note that by 2030, women in the United States are expected to control $34 trillion in financial assets. That's up from 7.3 trillion just one decade ago. This represents a major component of the great wealth transfer. A84 trillion dollar shift projected to occur between generations by 2045. It's pretty tremendous.

And so in this week's Women, Money, and Power, we're exploring how this shift is creating huge implications for how vast sums are invested, philanthropy, and the way that wealth is passed on to the next generation.

Joining us to talk about it is Kathleen Pal. She's vice president of impact investing and philanthropy at RSF, regenerative social finance, and she joins us from San Francisco. Kathleen, so good to have you here.

We want to drill down into this great wealth transfer, if you will, to women specifically. But when we think about wealth transfer just broadly um and what to do uh with your money, what someone should do with their inheritance or otherwise, how does the macro for you factor in whether it's the current geopolitical environment, whether it's we're talking AI, whether we're talking about private credit concerns and more. Let's just start there on the macro level.

Yeah, Carol, Tim, great to great to be here. Um, you know, I think we've seen, you know, in the in the course of a few days us go from geopolitical shock to global energy supply shock. And, you know, as we all know, public markets react when headlines, even when those headlines are on stub Substack and utter fantasy, as we saw, you know, a couple of weeks ago with Catrini.