Wealth Management Accountants

Accountant Checks Wealth Management Firm's Financial Records

Wealth management firms oversee the financial affairs of high-net-worth individuals—typically defined as those who have liquid assets of more than $1 million (not including the value of one’s primary residence). The most prestigious private banks and wealth management firms, such as those attached to major investment companies like Citigroup or Goldman Sachs, have much higher minimums, more than $5 million in some cases. Accountants oversee and manage the financial records and operations of their employers. Those in the wealth management (WM) sector are employed directly by WM firms, by accounting firms that provide contracted services to WM firms, and also high-net-worth individuals. 

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Quick Facts
Alternate Title(s) Corporate Accountants, Management Accountants
Duties Compile, analyze, verify, and prepare financial records
Salary Range $25,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are best in areas where a large number of high-net-worth individuals reside
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Business
  • Computer Science
  • Mathematics
Experience Completion of an internship or co-op at a bank, wealth management firm, public accounting firm, or corporation; three to five years of experience for management positions
Personality Traits
  • Hands On
  • Organized
  • Realistic
  • Financial
  • Information Management
  • Math
Certification or Licensing Recommended
Special Requirements None
Employment Prospects Good
Advancement Prospects Good
Outlook Much Faster than the Average
Career Ladder
  • Partner
  • Chief Financial Officer
  • Controller
  • Chief Accountant/Auditor
  • Accountant/Auditor

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