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Wealth Management

The Industry Today

Today there are more than 5,930 wealth management businesses in the United States alone. These range from major banks such as Wells Fargo with large wealth-management divisions to mom-and-pop firms with fewer than 15 employees. Total assets under management (AUM) at the world’s 500 largest asset managers reached $104.4 trillion in 2019, according to Willis Towers Watson and Pensions & Investments. This was a significant increase from $84.9 trillion in 2016.

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