Female Supremacy Articles

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Financial companies, which buy Datamonitor's research and use it to tailor their services to attract the nation's wealthiest citizens, are waking up to the new trend. Close Wealth Management, an arm of the investment bank Close Brothers, has set up a special division called Solo, which caters purely for wealthy divorced or widowed women. Citigroup offers Women & Co, which takes on only wealthy female clients. Martin Smith, managing director of Close Wealth Management, said: "We identified this trend early on and it has proved a very popular service. There are a great number of women coming into considerable wealth."

David Gregory, head of entrepreneur clients at Coutts, the private bank, said: "We are seeing a sharp increase in the number of female clients banking with our team who specialise in looking after divorcees. But we are also seeing more female entrepreneurs than ever before running successful businesses."

However, some experts believe the current and next generation of women will be less driven by financial reward and are also more likely to remain independent rather than to live off their husband's wealth. Women of the so-called "generation X" are likely to be more interested in their quality of life characterised by the emergence of "ladettes" who party hard than to worry about the size of their bank balance.