High Net Worth Individual

(redirected from High net worth individuals)

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.