f steady growth in the population of those with significant assets, an expanding career segment of the financial services industry is wealth management. One of the main roads still leading to financial prosperity is business ownership. According to the National Association of Women Business Owners, more than 7 million women arHuman aging is not a new phenomenon. But a rapidly increasing population of 50-year-old human beings with significant assets is a new market shouting to a variety of service providers. This market includes not only the aging roll-over of millions of so called “Baby –Boomers,” but millions of others who have gone before them. Today there are millions of consumers who find themselves with assets to spare, who are 60+, 70+, 80+ and many are going into their 90’s with comfortable financial reserves.

Because of innovative scientific research and its varied applications to new drugs, medical technologies, preventive and alternative medicines, people are simply living longer. While some are regrettably living in poverty, millions of others actually need help in understanding, managing and extending their resources.

In 2005, the number of millionaires grew by 8.5%. Their individual worth as millionaires does not include their primary residences. The total holdings of this population, without including their primary residences, represent $33.3 trillion in assets, according to a recent report from Reuters and Merrill Lynch.

A segment of this population, more than 85,000 individuals, has more than $30 million in individual assets, again excluding their primary residences.

Because of steady growth in the population of those with significant assets, an expanding career segment of the financial services industry is wealth management. One of the main roads still leading to financial prosperity is business ownership. According to the National Association of Women Business Owners, more than 7 million women are

Today there are millions of consumers who find themselves with assets to spare, who are 60+, 70+, 80+ and many are going into their 90’s with comfortable financial reserves.

Because of innovative scientific research and its varied applications to new drugs, medical technologies, preventive and alternative medicines, people are simply living longer. While some are regrettably living in poverty, millions of others actually need help in understanding, managing and extending their resources.

In 2005, the number of millionaires grew by 8.5%. Their individual worth as millionaires does not include their primary residences. The total holdings of this population, without including their primary residences, represent $33.3 trillion in assets, according to a recent report from Reuters and Merrill Lynch.

A segment of this population, more than 85,000 individuals, has more than $30 million in individual assets, again excluding their primary residences.

Because of steady growth in the population of those with significant assets, an expanding career segment of the financial services industry is wealth management. One of the main roads still leading to financial prosperity is business ownership. According to the National Association of Women Business Owners, more than 7 million women ar

are simply living longer. While some are regrettably living in poverty, millions of others actually need help in understanding, managing and extending their resources.

In 2005, the number of millionaires grew by 8.5%. Their individual worth as millionaires does not include their primary residences. The total holdings of this population, without including their primary residences, represent $33.3 trillion in assets, according to a recent report from Reuters and Merrill Lynch.

A segment of this population, more than 85,000 individuals, has more than $30 million in individual assets, again excluding their primary residences.

Because of steady growth in the population of those with significant assets, an expanding career segment of the financial services industry is wealth management. One of the main roads still leading to financial prosperity is business ownership. According to the National Association of Women Business Owners, more than 7 million women ar

this population, without including their primary residences, represent $33.3 trillion in assets, according to a recent report from Reuters and Merrill Lynch.

A segment of this population, more than 85,000 individuals, has more than $30 million in individual assets, again excluding their primary residences.

Because of steady growth in the population of those with significant assets, an expanding career segment of the financial services industry is wealth management. One of the main roads still leading to financial prosperity is business ownership. According to the National Association of Women Business Owners, more than 7 million women ar

f steady growth in the population of those with significant assets, an expanding career segment of the financial services industry is wealth management. One of the main roads still leading to financial prosperity is business ownership. According to the National Association of Women Business Owners, more than 7 million women are quietly working on building wealth through this tried and true formula.

In fact, many business research sources acknowledge that it is the small business owners, rather than the Fortune 500, who actually represent the hiring strength and majority segment of the Gross Domestic Product of the American economy.

This combination of factors means those who would be financial advisors to this expanding consumer group, need a combination of skills, including respect for mature adults, regard for women’s strengths as business builders and an understanding of their different requirements. These professionals need to know their stuff and stay on top of product changes, perform with integrity, be highly service-oriented and sensitive to the unique circumstances that do affect women (widows, divorcees, mothers working with sons and/or daughters in family-owned businesses, single women planning for children’s education and greater longevity are some examples.)

Financial advisors serving this population must also be well-informed about tax laws and changes, be able to protect and grow these assets, and help their clients with wealth transfer issues.