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From roles in financial professions to household investing, there continues to be a gap between men and women when it comes to the world of finance. Although women have come far, men continue to be the primary investor and financial manager in the family. AUBS surveyof high net worth married women, widows, and divorcees foundthat while 85% of the women said they managed day-to-day expenses,only 23% said they took the lead on long-term financial planning.

Why does this matter?

Financial independence is a necessity for both men and women. As a financial planner, its always concerning to me when I see a spouse taking the backseat financially - and more often than not, its the woman. Women who don't manage (or co-manage) their finances with their spouse aren't getting the valuable experience and knowledge to ensure they can be financially independent. Not only are these tools a necessity for financial security, without these tools women can (and often do) face incredible hardships should they experience a divorce or become a widow.

Recently listed as one of 2020s Most Powerful Women in Banking, Erminia (Ernie) Johannson, Group Head of North American Personal and Business Banking for BMO, has made it her mission to empower and advise women on what they can do (or do more of) to feel confident in their financial decisions and roles. Johannson believes that the key to financially empowering women lies in three innate qualities. Women have three things on their side: Tenacity, Trust and Talk. We do these so well in every other part of our lives, imagine if we applied these to finances.

Leveraging how your built, using your natural strengths and surrounding yourself with a good team is the key to reaching any of your goals, especially financial ones Johannson says.

See more here:

Tenacity, Trust And Talk - How To Harness Womens Strengths To Create Financial Empowerment - Forbes