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Wealth Management Vice Presidents

Outlook

Employment for personal financial advisors (including wealth managers) is expected to grow by 30 percent from 2014 to 2024, according to the U.S. Department of Labor. Job opportunities for top executives will grow by 6 percent during this same time span. Demand is increasing as a result of the growing numbers of Americans who are classified as being extremely wealthy. The number of households earning between $5 million and $25 million (not including primary residence) grew by 60,000 from 2013 to 2014, to 1,168,000 households, according to Spectrem Group, an investor research analytics firm. And the number of households with more than $25 million increased by 10,000 to 142,000 total households during this same time period.

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