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Wealth Management Associates

Employment Prospects


Approximately 72,817 people were employed in private banking services in 2020, according to IBISWorld. They work at major banks, regional and boutique firms, broker/dealers, robo advisory firms, and independent wealth management firms. The largest employers (including UBS, Morgan Stanley, Bank of America Merrill Lynch, and Credit Suisse) account for roughly half of industry assets under management. Many firms have fewer than 10 employees.

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