March 8, 2024

The rise of women’s economic influence is one of the most remarkable trends reshaping wealth in the United States. As we celebrate International Women’s Month, statistics highlight the growing financial power of women as business owners, investors and wealth stewards.

By 2030, American women will control much of the $30 trillion in financial assets from the boomer wealth transfer — nearly matching the annual GDP of the U.S., according to McKinsey. The U.S. Small Business Administration reports over 12 million women-owned businesses employing 10.1 million workers. And Boston Consulting Group found women now control 32% of global wealth, projected to reach $97 trillion by 2024 (a 5.7% annual growth rate).

This profound wealth shift creates immense opportunities, but also complexities, in estate, tax, and business succession planning for women entrepreneurs and investors that require skilled legal guidance. At Hargrove Firm, we provide comprehensive legacy planning tailored to address the unique needs of our female clients.

Our national footprint gives women access to a deep bench of specialized attorneys and CPAs across all 50 states. This multidisciplinary team takes a partner-minded approach, developing personalized strategies tailored to each client’s unique goals and needs. Through transparent processes and ongoing education, we ensure robust plans can adapt to changing landscapes and tax environments.

By turning hard work into lasting legacies, we empower women to strategically manage their success. As attorney Jessica Konrad shares, “We guide our female clients through complex legal matters with empathy and expertise. Our mission is to uplift their visions through meticulous planning that transcends generations.”

This International Women’s Month, we celebrate the achievements of women in business and their immense impact on generational wealth transfer. Hargrove Firm is proud to provide personalized legal solutions and dedicated support to make their visions endure.