What Is High-Net-Worth Individual (HNWI)?
High-Net-Worth Individual (HNWI) Definition
A High-Net-Worth Individual, or HNWI for short, is defined as someone whose liquid assets exceed a given amount.
Usually, High-Net-Worth- Individuals are classified as holding financial assets exceeding one million dollars.
People whose liquid assets sit between one hundred thousand and just under one million dollars are considered to have a “sub-high”net worth.
Categories of HNWI
High-Net-Worth-Individuals fall into subcategories based on the amount of money they have to invest.
“Very-high net worth”begins at five million dollars, followed by “ultra-high”at fifty-million dollars or more.
More and more individuals are added to the ranks of the High-Net- Worth club every year.
In fact, in some cities, there are neighborhoods comprised entirely of these individuals.
Wealth Management for HNWI
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