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By Heather Luea,
Academic Department Chair
Industry Trends: Change is the name of the game! One of the
largest trends in wealth management this year is managing change. From
technology to industry reorganization, change is occurring rapidly. Technology
innovations have impacted the way clients participate in their wealth
management planning, which includes apps for mobile devices that put the ease
of making decisions at their fingertips. Mergers of some of the largest wealth
management firms are likely to have impacts on the structure of the market. This
may have implications for fee pricing for client services as well as competition
that remaining firms face. Either way, wealth management firms will need to
learn to adapt to an ever rapidly changing environment. For more on industry
trends, visit the Financial Planning site: http://www.financial-planning.com/gallery/fp/Top-10-Trends-in-Wealth-Management-in-2013-2682857-1.html
Career Information: “Financial planner” is one of the roles that
wealth managers may play. The financial planning field has changed dramatically
over the last decade, and financial advisors find themselves giving advice
across a wide range of issues, which requires planners to have completed thorough
and comprehensive training in such areas as estate planning or securities
The career outlook for personal financial advisors is expected to stay positive. High employment growth is anticipated,
as indicated in Figure 1. Specifically, employment of personal financial advisors is expected to be 30 percent through 2024, which is more than twice the average of all occupations.*
According to the Bureau of Labor Statistics, personal financial advisors were expected to have at
least a bachelor’s degree; in addition, there were 249,400 jobs in this area
(see Figure 2). The number of jobs is expected to rise to over 324,000 by 2024.
Figure 2: Quick Facts
Personal Financial Advisor
*Source: U.S. Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook, 2016-17 Edition, Personal Financial Advisors, on the Internet www.bls.gov/ooh/Business-and-Financial/Personal-financial-advisors.htm. National long-term projections may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth.
By Cynthia Waddell, PhD, CPA, CFE
By Jerry Taylor
By Geoffrey Vanderpal
By Dr. Denise Schoenherr
By Stanley W. Self, CFE
By Rachel Byers, Full-Time Faculty, School of Business
Accounting firms are taking advantage of some emerging trends.
Change is the name of the game in wealth management!
Most people do not realize there are a variety of jobs in this field.
According to the BLS, employment of insurance sales agents is projected to grow.
Access definitions and FAQs related to accounting.
Access definitions and FAQs related to investments and wealth management.
Access definitions and FAQs related to real estate.
Access definitions and FAQs related to risk and insurance.
Kaplan Real Estate Education's Toby Schifsky looks at the factors to consider when pursuing a real estate career.
Toby Schifsky talks about the importance of goals and action steps for achieving them.
Access preparation and practice advise from Kaplan Financial Education experts Mary Orn and Julie Ramsey.
Maylee talks about her experiences with Kaplan Financial Education and preparing for her exams.
Currency Converter Financial Calculator National Debt Clock
Which payment method do you use most in today’s increasingly cashless world?
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