New Delhi, April 17 -- Women are actively engaged in managing their finances but continue to face gaps in financial guidance, so a more tailored, life-stage-based advisory solution is needed, according to a study report by HSBC.

The study was conducted to understand how women, particularly affluent women, engage with financial planning and how effectively existing financial systems and advisory models meet their evolving needs.

The report challenges the long-standing perception that women lack confidence in financial decision-making. Instead, it finds that women are intentional about wealth management, with nearly half of affluent women beginning to take finances seriously in their 20s or earlier.

However, despite this engagement, the ...