Wealth in the U.S. is on the rise. Between 2019 and 2022, median U.S. family wealth increased by 8%—from $466,500 to $504,000, according to the Congressional Budget Office.
This news is music to the ears of financial advisors and wealth managers, professionals who are dedicated to helping people manage their money. The two job titles are often used interchangeably, and they share many commonalities and responsibilities—however, they prioritize serving two distinct classes of investors.
