{
  "id": 14081259,
  "title": "Top execs say the $124 trillion Great Wealth Transfer, women entrepreneurs, and veterans are poised to remake the financial landscape",
  "url": "https://urgent.news/2026/10/13/top-execs-say-the-124-trillion-great-wealth-transfer-women",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T00:02:37.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/12/top-execs-say-124-trillion-great-wealth-transfer-women-entrepeneurs-veterans-changing-money-landscape/"
  },
  "original_language": "en",
  "account": "The financial landscape is undergoing a significant transformation, with top executives attributing this shift to the Great Wealth Transfer, women entrepreneurs, and veterans. At Fortune’s 26th annual Most Powerful Women conference, Deloitte U.S. federal health sector leader Beth Meagher highlighted how women are set to play a crucial role in shaping how wealth is invested and deployed. Cerulli Associates estimates that $124 trillion in wealth will be passed down by 2048, with $54 trillion going to women, $52 trillion to children, and $18 trillion to charity. Moreover, women entrepreneurs are experiencing rapid growth, increasing by over 125% over the past decade, and veterans are also witnessing a surge in influence, with a roughly 300% growth in the past couple of years. According to Deloitte executive, these trends are reshaping the financial world, and Meagher believes that we have a tremendous opportunity to lead from the front. Seema Hingorani, managing director and senior client advisor at Morgan Stanley, has been observing this trend for over a decade. While working at the New York City Pension Fund in the early 2010s, she noticed that asset managers lacked diverse investment teams, with few women represented. This led her to establish Girls Who Invest, a nonprofit that has supported over 5,000 college women since 2011, providing guidance and mentorship to 700 women annually. Hingorani also revealed that Morgan Stanley has been running an incubator investing in women-led tech businesses for seven years, with a focus on helping them scale to billion-dollar companies. This approach has resulted in Morgan Stanley seeking women advisors to guide investment decisions. Beyond wealth management, women are setting new expectations for their spending, prioritizing social impact alongside financial returns. Carmen James Randolph, founding president and CEO of the Women’s Foundation of the South, notes that the South is emerging as a fast-growing region with a significant population of women of color. She highlights a shift away from traditional philanthropy models, which prioritize charity, towards a more impactful approach that emphasizes tangible results. Randolph’s foundation is concentrating on improving maternal healthcare in southern states, where access to emergency and routine medical care is often limited. Both Deloitte and Morgan Stanley executives agree that women are redefining their investment priorities, focusing on health, education, and justice. Meagher emphasizes that wealth advisors are increasingly offering health services, while Randolph’s foundation is committed to enhancing maternal healthcare in areas with limited access. Hingorani stresses that women are looking to make a significant impact with their investments, even if it means accepting smaller returns compared to other investment avenues.",
  "summary": "Women are stepping into new wealth, and they want other women to oversee how their fortunes are deployed. Nonprofit Girls Who Invest received 4,000 applications this year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}