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Wealth Management Vice Presidents

Outlook

Employment for financial managers and personal financial advisors is expected to grow by 17 percent from 2023 to 2033, according to the U.S. Department of Labor (DOL). Demand is increasing as a result of the growing numbers of Americans who are classified as being extremely wealthy.

In the case of personal financial advisors, robo-advisors may somewhat decrease demand for professionals in this field. However, the DOL explains that "the impact of this technology should be limited as consumers continue turning to human advisors for more complex and specialized investment advice over the the projections decade." However, the impact of this technology should be limited as consumers continue turning to human advisors for more complex and specialized investment advice over the projections decade.

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