High Net Worth Individual

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High Net Worth Individual

An individual whose assets exceed his/her liabilities in value by a large figure. There is no hard-and-fast definition of a high net worth individual, though a net worth in excess of $1 million usually qualifies. The SEC, however, defines a high net worth individual as someone who has at least $750,000 under management or whom an investment adviser believes to have a net worth of $1.5 million or more. Many investment vehicles target high net worth individuals because they have more money to invest. Likewise, high net worth individuals are sometimes the only individuals (as opposed to organizations) who are permitted to invest in some vehicles.
References in periodicals archive ?
Looking ahead three to five years, what new services do you anticipate NFP offering to high net worth individuals and small-business owners?
2 billion Global Real Estate Opportunities Fund from a group of investors consisting primarily of US and European institutional investors and high net worth individuals.
High net worth individuals who incur significant portfolio management fees may be able to avoid potential disallowance of the expenses by capitalizing the fees and deducting the costs as assets are sold.
High net worth individuals should encourage individual retirement account (IRA) contributions by their employed high school and college-age children.
Sizing and forecasting of high net worth individuals was generated by our proprietary Global Wealth Model
BC is a privately owned wealth management services provider serving high net worth individuals and families on a fee-only basis.
Strategic Alliance to Focus on High Net Worth Individuals
AIG), today announced enhancements to its homeowners' policy for high net worth individuals.
AIG), today announced enhancements to its private collections policy to help high net worth individuals better safeguard their valuables and collections.
Sizing and forecasting of mass affluent and high net worth individuals were generated from our proprietary Global Wealth Model.
The number of high net worth individuals is also expected to increase over the next five years and at a higher rate than the number of mass affluents.
Offered by a number of private banks, they are targeted towards high net worth individuals.