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The needs also vary depending on the vintage of the family o ice investment history and whether the principal is first, second, third, or further generation since its setup. Younger family o ices prioritize returns and wealth generation over wealth preservation, which was more common in traditional approaches aiming for lower annual returns.
But even though they tend to start with smaller incomes, many young women might have powerful advantages in investing. Research shows that women tend to be better investors than men -- earning 0.40%-1% higher average annual returns. Women are better at investing than men, on average," said Beese.
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