Here’s a breakdown of the top 5 states in which personal financial advisors earn the most money:
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Greenwich is an affluent town in Fairfield County, Connecticut, United States. The city and the state itself is home to high-earning residents employed in finance.The retirement of baby boomers is proving a boon for many different parts of the U.S. economy, from small businesses to big corporations, from individual products to entire sectors and industries. One example from a multitude is the occupation of personal financial advisor.
With the significant advances made in digital technology in recent decades, many were concerned technological unemployment would consume financial advisors thanks to the rise of powerful artificial intelligence in finance, like the proliferation of robo-advisors.
Instead, the aging of the baby boomer generation has made financial advisors more relevant than ever. As baby boomers approach retirement, they’re more likely to need planning advice from personal financial advisors. Plus, once they’ve reached retirement, longer lifespans mean they’ll need to make their finances stretch longer than in the past, hence further increasing the demand for financial planning services., the future prospects for financial advisors look good.
Even if people think they’re fine without a financial advisor, the truth is most Americans would absolutely benefit from having one. According to a survey by
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