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Banks are losing the personal touch with customers in the digital age. The disconnect is especially acute with male investors. Men are less likely to seek financial consulting services than women. Video banking provides an opportunity to capture the attention of male clients who are spending more time video chatting.

A recent study by Spectrem Group on the investment habits of High Net Worth Men vs Women confirms what many studies before mej have found.

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Less apt to seek investment guidance — Men have more confidence in their financial planning and investment skills. Zoom is becoming more ubiquitous than FaceTime. Men are less likely to seek financial consulting services than women. Confident male investors invest in riskier investments.

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Do men like to video chat? Take greater investment risks — To generate higher returns, men are more likely to invest in alternative investments and actively trade stocks than invest in funds. But unfortunately, some video chat services are losing their clients due to low-quality video communications. Men are: Focused on financial performance — Men place more importance on meeting financial return than personal goals. Technology friction can be avoided by investing in high-quality video services with a seamless transition into a meeting and life-like video quality.

Technology friction can be avoided by chxt in high-quality video services with a seamless transition into a meeting and life-like video quality. Men are less likely to seek financial consulting services than women.

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More importantly, the sexes have very different financial habits. Most workers are conducting several business video chats a day. This is especially true in the current low-interest-rate environment. The disconnect is especially acute with male investors. If facing a pixelated bank advisor and garbled audio, they may not re-engage.

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Male Financial Habits Both men and women want their banking and investment services to make their money work for them. Since men are generally less open to chatting and sharing their experiences online, they will have higher expectations regarding the quality of a virtual banking advisory meeting. And they are less likely to seek investment advice. gideo

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But unfortunately, some video chat services are losing their clients due to low-quality video communications. Although females are becoming wealthier, men still hold cgat percent of the world's wealth.

Ivdeo men conduct more of their personal and professional life through video chat, banks have an opportunity to engage the upwardly mobile male. Men are: Focused on financial performance — Men place more importance on meeting financial return than personal goals. They may also be attending Zoom medical and legal appointments and dropping in on a few Zoom parties with friends.

Different strategies are required to chay men. Confident male investors invest in riskier investments. They are more likely to be active than passive buy-and-hold investors.

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For more video banking solutionsreach out to a local bank. The male investor could benefit the most from a closer banking and investment relationship.

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They are more likely to be active than passive buy-and-hold investors. Less apt to seek investment guidance — Men have more confidence in their financial planning and investment skills.

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The disconnect is especially acute with male investors. More importantly, the sexes have very different financial habits. For all of the above reasons.

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And they are less likely to seek investment advice. This is especially true in the current low-interest-rate environment. Take greater investment risks — To generate higher returns, men are more likely to invest in alternative investments and actively trade stocks than invest in funds.

As men conduct more of their personal and professional life through video chat, banks have an opportunity to engage the upwardly mobile male. Most workers are conducting several business video chats a day. Video banking provides an opportunity to capture the attention of male clients who are spending more time video chatting.

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Since men are generally less open to chatting and sharing their experiences online, they will have higher expectations chwt the quality of a virtual banking advisory meeting. For all of the above reasons. Although females are becoming wealthier, men still hold 60 percent of the world's wealth. If facing a pixelated bank advisor and garbled audio, they may not re-engage.

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The male investor could benefit the most from a closer banking and investment relationship. Different strategies are required to woo men. Men Have Lower Investment Returns Than Women Despite being more active, confident stock investors, many studies have concluded that men have lower investment returns than women.

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