Wealth Management Compliance Professionals

Compliance Professional Requests Changes to a Wealth Management Plan

Compliance professionals make sure that their firms are in compliance with laws and regulations that have been established by the federal government (such as the Investment Advisers Act of 1940 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010), state governments, and voluntary investor-protection organizations such as the Financial Industry Regulatory Authority. They also ensure that their firms comply with internal systems that have been established to ensure compliance with government and voluntary regulators. 

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Quick Facts
Alternate Title(s) Chief Compliance Officers, Compliance Analysts, Compliance Directors, Compliance Officers, Senior Compliance Analysts
Duties Create, implement, and oversee compliance monitoring programs at wealth management firms; manage annual regulatory filings; advising managers and partners; keeping current with regulations
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
  • Economics
  • Government
Experience Five to 10 years experience for chief compliance officers; internship or co-op for entry-level jobs
Personality Traits
  • Enterprising
  • Hands On
  • Realistic
Skills
  • Financial
  • Leadership
  • Organizational
Certification or Licensing Recommended
Special Requirements None
Employment Prospects Good
Advancement Prospects Fair
Outlook About as Fast as the Average
Career Ladder
  • Chief Compliance Officer
  • Compliance Director
  • Compliance Officer
  • Senior Compliance Analyst
  • Compliance Analyst

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