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Private Bankers


Employment for personal financial advisors (including private bankers) is expected to grow by 7 percent (faster than average) from 2018 to 2028, according to the U.S. Department of Labor. The number of millionaires and billionaires worldwide has increased rapidly in the last three decades. From 1987 to 2012, the number of billionaires in the United States increased tenfold, from 41 billionaires in 1987 to 425 billionaires in 2012. Worldwide, the number of billionaires reached 2,325 in 2014, according to the Wealth X-UBS Billionaire Census, an increase of 7 percent from 2013. According to the "2019 World Ultra Wealth Report," the population of ultra-high-net-worth individuals is expected to total 353,550 by 2023, with combined wealth reaching $43 trillion.

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