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.
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References in periodicals archive ?
Karachi -- The Federal Board of Revenue (FBR) has decided to launch an operation against non-compliant high net-worth individuals, and warned of arrests who don't cooperate in the probe.
Soon after the Pakistan Tehreek-i-Insaf came to power, the FBR identified 3,100 high net-worth individuals who were non-filers of tax returns and issued notices to them in four batches.
Under the JV, both companies will capitalise on the global media and entertainment industry, besides other high-growth sector companies like Technology and Consumer sectors with cross-border set up in both mentioned countries, they said and added that Puji will provides direct access to exclusive investment opportunities and strategic capital partners with Jupai's network of high net-worth individuals and experience in asset management.
The Bahnsen Group provides comprehensive financial planning and investment management services to high net-worth individuals and families in Orange County and across the country.
Summary: DUBAI - Barclays named Haidar Hammoud head of wealth and investment management in Abu Dhabi as Britain's second-biggest lender seeks to tap high net-worth individuals in the emirate.
According to Knight Frank's Wealth Report 2013, India stands in the fifth spot - following US, China, Germany and UK - in the list of top 10 nations with highest High Net-Worth Individuals (HNWI).
Assets under management have jumped six fold to Dh2.5 billion ($680 million) from Dh450 million in 2008 as high net-worth individuals turn increasingly to local bankers, Chief Executive Officer Khalid Sifry said in an interview "Historically high net worth individuals in our region did not have anyone locally to provide that kind of service," Sifry said in Dubai.
"Being one of the premium business addresses in Bahrain, BWTC also serves as our company headquarters and offers an ideal environment for business transactions with high net-worth individuals.
Al Awar said: "With the wealth of high net-worth individuals in the Middle East expected to grow at a rate of 15.3 per cent until 2012, the demand for specialised life insurance services catering to their needs is also bound to increase."
Welcoming Swiss Life to DIFC, Al Awar said, "With the wealth of high net-worth individuals in the Middle East expected to grow at a rate of 15.3 per cent till 2012, the demand for specialised life insurance services catering to their needs is also bound to increase."
High net-worth individuals and business owners have more information about, and access to, more investment choices than ever before.
A number of high net-worth individuals have been reportedly vying for this prestigious real estate, where prices range from $2 million to $45 million.