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On International Women’s Day, what women investors can do to avoid receiving biased financial advice

Women are more likely than men to hire a financial adviser, yet they don’t receive the same wealth-management advice as their male counterparts.

In spite of the fact that women are more likely than men to hire a financial adviser, studies have shown that women are also more inclined to express misgivings about the advice they are receiving.

That may help explain why nearly two-thirds of women were willing to consider switching to a new adviser, versus less than half of men, according to a 2017 study from accounting firm EY.

Generally, advisers more commonly recommended that women have more liquidity, fewer actively manage funds and less exposure to international assets, as compared with men.

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