People in New York and San Francisco may already have wealth, and likely a financial advisor. But as a financial advisor just starting out, consider other cities that have, according to this survey at least, an environment primed for wealth creation.
BankRate.com ranked the 18 largest metropolitan areas by a mix of statistics they say demonstrate fertile ground for wealth creation, not necessarily places where wealth has already been created. Interestingly, those aren't always the largest cities. San Francisco didn’t make the top 10, despite the tech boom. Detroit, however, did. Disagree? Leave a comment and tell us why.
Sources: BankRate.com, Consumer Expenditure Survey, Bureau of Labor Statistics, Census figures, The Urban Institute, Employee Benefits Research Institute