High Net Worth Individual


Also found in: Wikipedia.

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 ?
"Asia-Pacific's high net worth individual population matching Europe's for the first time highlights the region's growth potential, with China and India at the forefront and Japan remaining an important market," said Wilson So, interim Head of Asia-Pacific Wealth Management at Merrill Lynch Global Wealth Management.
This is attractive because it enables the high net worth individual to remove assets from his taxable estate and ensures that the child will not be able to access the funds (without penalty) until age 59 1/2.
(NASDAQ: RILY) that provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients.
Previously, he served in the Twin Cities as the chief investment officer at Great Northern Capital, an asset manager for institutional and high net worth individual clients, and as the director of equity research at FAF Advisors and American Express Financial Advisors.
We are bringing an institutional approach to the high net worth individual investor, family office and small and medium-sized endowments and pension funds."
Riley & Co., LLC is a leading investment bank that provides corporate finance, research, and sales and trading to corporate, institutional and high net worth individual clients.
LLC, a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients; Great American Group, LLC, a leading provider of advisory and valuation services, asset disposition and auction solutions, and commercial lending services; B.
The High Net Worth Guide - an independent industry guide published by Chambers and Partners, has praised Lynda Richards, of legal firm Aaron & Partners, for her work with high net worth individuals across the UK.
High net worth individuals have seen their total fortune decline for the first time in eight years, with the very richest the worst affected by the slump in wealth.
Summary: High net worth individuals (HNWIs) across the Gulf Cooperation Council (GCC) have a sense of increased confidence on the prospects for the regional economy and prefer to invest closer to home, as per a survey by Emirates Investment Bank (EIBank).
The meeting was attended by member Inland Revenue (Operations), FBR to discuss the high net worth individuals, who were either outside the tax net or concealed their assets in their annual declaration.
ISLAMABAD -- After a large exercise of serving 3,121 tax notices on high net worth individuals who are non-filers of tax returns, the Federal Board of Revenue (FBR) has received a weak response as only 220 of them have complied with the terms of the notice thus far.