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Wealth Management Analysts

History

During the latter half of the 19th century in the United States, increasing industrialization and liquidity prompted growing concentrations of paper money in individual hands. This increasing amount of paper wealth (as opposed to the traditional wealth of land and property) precipitated demand for private wealth managers. With growing confidence in the banking system, more and more wealthy people turned to wealth management professionals, who worked either for banks or for brokerage firms, to help them invest and protect their capital.

Analysts have helped private wealth managers to effectively manage and invest the money of high-wealth-individuals ever since these early days. Financial analysts are in demand by a variety of industries. In 2015, U.S. News & World Report selected the career of financial analyst as the 13th-best business job in the United States.

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