Wealth management advisor demographics and statistics in the US
Wealth management advisor demographics research summary. Zippia estimates wealth management advisor demographics and statistics in the United States by using a database of 30 million profiles. Our wealth management advisor estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about wealth management advisors after extensive research and analysis:
- There are over 116,025 wealth management advisors currently employed in the United States.
- 30.9% of all wealth management advisors are women, while 69.1% are men.
- The average wealth management advisor age is 44 years old.
- The most common ethnicity of wealth management advisors is White (72.2%), followed by Hispanic or Latino (9.4%), Asian (8.3%) and Black or African American (5.6%).
- In 2022, women earned 84% of what men earned.
- 5% of all wealth management advisors are LGBT.
- Wealth management advisors are 56% more likely to work at private companies in comparison to public companies.
On this page
Wealth management advisor demographics by:
Wealth management advisor gender statistics
30.9% of wealth management advisors are women and 69.1% of wealth management advisors are men.
- Male, 69.1%
- Female, 30.9%
Wealth management advisor gender ratio
| Gender | Percentages |
|---|---|
| Male | 69.1% |
| Female | 30.9% |
Wealth management advisor gender pay gap
Women earn 84¢ for every $1 earned by men
Male income
$90,621
Female income
$76,363
Wealth management advisor gender ratio over time
This data breaks down the percentage of men and women in wealth management advisor positions over time. Currently, 30.9% of wealth management advisors are female.
Wealth management advisor gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 69.33% | 30.67% |
| 2011 | 68.50% | 31.50% |
| 2012 | 70.29% | 29.71% |
| 2013 | 68.17% | 31.83% |
| 2014 | 68.22% | 31.78% |
| 2015 | 69.90% | 30.10% |
| 2016 | 69.50% | 30.50% |
| 2017 | 67.03% | 32.97% |
| 2018 | 69.47% | 30.53% |
| 2019 | 70.00% | 30.00% |
| 2020 | 69.39% | 30.61% |
| 2021 | 69.11% | 30.89% |
Wealth management advisor related jobs gender ratio
We compared wealth management advisors with similar job titles to see how gender ratios vary. As you can see, renewable energy system finance specialist and chartered finance analyst have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Escrow Officer | 15% | 85% |
| Customs Verifier | 20% | 80% |
| Credit Assistant | 20% | 80% |
| Wealth Management Advisor | 69% | 31% |
| Head Analyst | 86% | 14% |
| Chartered Finance Analyst | 90% | 10% |
| Renewable Energy System Finance Specialist | 92% | 8% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Wealth management advisor demographics by race
The most common ethnicity among wealth management advisors is White, which makes up 72.2% of all wealth management advisors. Comparatively, 9.4% of wealth management advisors are Hispanic or Latino and 8.3% of wealth management advisors are Asian.
- White, 72.2%
- Hispanic or Latino, 9.4%
- Asian, 8.3%
- Black or African American, 5.6%
- Unknown, 4.4%
- American Indian and Alaska Native, 0.1%
Wealth management advisor race
| Wealth management advisor race | Percentages |
|---|---|
| White | 72.2% |
| Hispanic or Latino | 9.4% |
| Asian | 8.3% |
| Black or African American | 5.6% |
| Unknown | 4.4% |
| American Indian and Alaska Native | 0.1% |
Wealth management advisor race and ethnicity over time
See how wealth management advisor racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Wealth management advisor race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 78.80% | 5.63% | 7.47% | 6.69% |
| 2011 | 78.87% | 5.74% | 7.20% | 6.57% |
| 2012 | 77.99% | 5.60% | 7.83% | 6.99% |
| 2013 | 76.38% | 5.76% | 8.62% | 7.51% |
| 2014 | 77.02% | 6.09% | 8.32% | 7.09% |
| 2015 | 77.57% | 5.60% | 8.32% | 6.89% |
| 2016 | 76.91% | 5.41% | 8.82% | 7.27% |
| 2017 | 75.70% | 5.52% | 9.20% | 7.77% |
| 2018 | 76.73% | 5.39% | 8.12% | 7.89% |
| 2019 | 76.67% | 5.11% | 8.55% | 7.59% |
| 2020 | 73.45% | 5.85% | 8.71% | 8.51% |
| 2021 | 72.23% | 5.61% | 8.27% | 9.42% |
Wealth management advisor wage gap by race
According to our data, asian wealth management advisors have the highest average salary compared to other ethnicities. Black or african american wealth management advisors have the lowest average salary at $80,913.
| Ethnicity | Salary |
|---|---|
| Unknown | $91,036 |
| White | $94,907 |
| Black or African American | $80,913 |
| Asian | $95,787 |
| Hispanic or Latino | $91,263 |
Average wealth management advisor age
See how the average age of wealth management advisors varies based on ethnicity and gender.
Male
Female
Wealth management advisor age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 42 | 46 |
| White | 44 | 45 |
| Black or African American | 41.5 | 44 |
| Asian | 42 | 42 |
| Hispanic or Latino | 40 | 45 |
Wealth management advisor age breakdown
The average age of wealth management advisors is 40+ years years old, representing 61% of the wealth management advisor population.
Wealth management advisor age breakdown
| Wealth Management Advisor Years | Percentages |
|---|---|
| 40+ years | 61% |
| 30-40 years | 28% |
| 20-30 years | 11% |
Wealth management advisor educational attainment
The most common degree for wealth management advisors is bachelor's degree, with 72% of wealth management advisors earning that degree. The second and third most common degree levels are master's degree degree at 17% and master's degree degree at 5%.
- Bachelor's, 72%
- Master's, 17%
- Associate, 5%
- Diploma, 2%
- Other Degrees, 4%
Wealth management advisors by degree level
| Wealth management advisor degree | Percentages |
|---|---|
| Bachelor's | 72% |
| Master's | 17% |
| Associate | 5% |
| Diploma | 2% |
| Other Degrees | 4% |
Wealth management advisor jobs you might like
Wealth management advisor wage gap by degree level
According to the data, wealth management advisors with a Doctorate degree earn more than those without, at $114,784 annually. With a Master's degree, wealth management advisors earn a median annual income of $105,318 compared to $95,953 for wealth management advisors with an Bachelor's degree.
| Education | Salary |
|---|---|
| Master's Degree | $105,318 |
| Bachelor's Degree | $95,953 |
| Doctorate Degree | $114,784 |
Wealth management advisor employment statistics
Most wealth management advisors work for a private in the finance industry.
Company size where wealth management advisors work
Below, you can see the size of companies where wealth management advisors work.
Wealth management advisor jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 6% |
| 50 - 100 employees | 9% |
| 100 - 500 employees | 23% |
| 500 - 1,000 employees | 4% |
| 1,000 - 10,000 employees | 30% |
| > 10,000 employees | 28% |
Wealth management advisor jobs by company type
Employees with the wealth management advisor job title have their preferences when it comes to working for a company. For instance, most wealth management advisors prefer to work at private companies over public companies.
Wealth management advisor jobs by sector
| Company type | Percentages |
|---|---|
| Education | 2% |
| Public | 39% |
| Private | 56% |
| Government | 3% |
Wealth management advisor jobs by industry
The most common industries for wealth management advisors are finance, professional and technology.
Wealth management advisor industry statistics
| Industry | Percentages |
|---|---|
| Finance | 36% |
| Fortune 500 | 16% |
| Professional | 8% |
| Technology | 6% |
| Health Care | 4% |
| Insurance | 4% |
| Manufacturing | 3% |
| Media | 2% |
| Hospitality | 2% |
| Transportation | 2% |
| Government | 2% |
| Retail | 2% |
| Start-up | 2% |
| Non Profits | 2% |
| Real Estate | 2% |
| Education | 2% |
| Energy | 2% |
| Internet | 1% |
| Automotive | 1% |
| Construction | 1% |
Wealth management advisor turnover and employment statistics
Wealth management advisor unemployment rate over time
The unemployment rate for wealth management advisors between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Wealth management advisor unemployment rate by year
| Year | Wealth management advisor unemployment rate |
|---|---|
| 2010 | 3.85% |
| 2011 | 3.28% |
| 2012 | 2.62% |
| 2013 | 2.79% |
| 2014 | 1.97% |
| 2015 | 1.35% |
| 2016 | 1.21% |
| 2017 | 1.18% |
| 2018 | 1.95% |
| 2019 | 1.59% |
| 2020 | 1.85% |
| 2021 | 1.87% |
Average wealth management advisor tenure
The average wealth management advisor stays at their job for 1-2 years, based on the 1,828 wealth management advisors resumes in Zippia's database.
Wealth management advisor tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 17% |
| 1-2 years | 35% |
| 3-4 years | 14% |
| 5-7 years | 17% |
| 8-10 years | 7% |
| 11+ years | 11% |
Wealth management advisor LGBT ratio compared to similar jobs
Review the percent of wealth management advisors that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Wealth Management Advisor | 4.53% | - |
| Energy Efficiency Finance Manager | 7.33% | 70,826 |
| Auditor-In-Charge | 7.40% | 63,534 |
| Licensed Tax Consultant | 7.56% | 41,830 |
| Tax Revenue Officer | 7.65% | 84,387 |
| Budget And Policy Analyst | 12.94% | 2,451 |
| Senior Examiner | 19.38% | 2,135 |
Similar wealth management advisor jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Energy Efficiency Finance Manager | 7.33% | 70,826 |
| Auditor-In-Charge | 7.40% | 63,534 |
| Licensed Tax Consultant | 7.56% | 41,830 |
| Tax Revenue Officer | 7.65% | 84,387 |
| Budget And Policy Analyst | 12.94% | 2,451 |
| Senior Examiner | 19.38% | 2,135 |
Foreign languages spoken by wealth management advisors
The most common foreign language among wealth management advisors is Spanish at 43.6%. The second-most popular foreign language spoken is French at 17.9% and Chinese is the third-most popular at 5.1%.
- Spanish, 43.6%
- French, 17.9%
- Chinese, 5.1%
- Mandarin, 5.1%
- Portuguese, 3.8%
- Other, 24.5%
Wealth management advisor languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 43.6% |
| French | 17.9% |
| Chinese | 5.1% |
| Mandarin | 5.1% |
| Portuguese | 3.8% |
| Other | 24.5% |
