The variety of monetary advisors within the U.S. is rising, with employment projected to develop by 15% from 2021 to 2031, in response to a brand new report from SmartAsset, which cited Bureau of Labor Statistics knowledge.
Earlier this 12 months, U.S. Information & World Report ranked monetary advisor as one of many greatest jobs in 2023. In February, Constancy Investments stated it could add advisors to its roster through the first half of 2023, and Commonwealth Monetary Community reported that it had onboarded 270 advisors in new and present practices throughout the nation final 12 months.
SmartAsset famous that some elements of the nation have increased concentrations of monetary advisors than others. To be taught which metropolitan areas have probably the most advisors per capita, the web site analyzed knowledge from the 100 greatest ones.
Researchers counted the variety of private monetary advisors in every space, based mostly on knowledge from the BLS’ Might 2021 Occupational Employment and Wage Statistics report and the variety of adults 25 and older, based mostly on the Census Bureau’s 2021 1–12 months American Group Survey. Utilizing these figures, the calculated the variety of advisors per 10,000 adults and ranked the metro areas accordingly.
See the gallery for the 15 metro areas with the very best variety of monetary advisors per 10,000 residents, in response to SmartAsset.
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