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 ?
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.
The buyers included international and domestic institutional investors and High Net Worth Individuals (HNWI) through domestic stock exchanges.
New NAS Cyber Product Targets High Net Worth Individuals
In this newly-created role, Rao will report to Anmol Ambani, Executive Director at Reliance Capital, and will be responsible for driving a more broad-based strategy for growing the wealth management offering to high net worth individuals.
PwC Cyprus recently organised a series of events in Moscow, aiming to inform businesses and high net worth individuals based in Russia about the opportunities that Cyprus can offer.
It assessed the work of a team dedicated to collecting taxes from high net worth individuals, with around 6,500 people worth more than PS20 million falling into the bracket last year.
"Our entry into Connecticut is an important milestone in rolling out this specialty product to high net worth individuals in selected states nationwide," said Daniel Olmsted, I lead of Ironshore Private Client Group.
It will be hard to put up a unit for high net worth individuals, because the population keeps on moving.