I often joke that when I started banking in 1996 there were three of me that do the level of work I do now. This chart supports it.The decrease in workers needed to generate $1 million in revenue is directly related to increases in technology and why the S&P 500 is up 3,400% from 1985.
Wonder what the other two versions of me are doing today?
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.