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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Wealth-X is a source of intelligence on the ultra wealthy with a collection of curated research on ultra high net worth individuals, defined as those with net assets of USD 30m and above.
Andrew Bates, Head of Middle East and Asia, Nedbank Private Wealth, commented, "I am delighted to welcome Chris and Marc who between them have over 35 years of experience in private banking, having focused on high net worth and ultra high net worth individuals in the region.
Perris has more than 20 years of experience in the establishment and administration of a wide range of multi jurisdictional corporate, real estate and private wealth structures for global funds, institutions and ultra high net worth individuals, a statement from DCG said.
DE) Private Wealth Management division, serving ultra high net worth individuals, corporate executives and professional investors.
LONDON -- France boasts almost 3,800 ultra high net worth individuals (UHNWIs), with an average wealth of over USD 135 million per person and a combined wealth of almost USD 525 billion.
Giorgio Riccucci, Credit Suisse Private Banking Market Area Italy head, commented that the transaction as well as the recent acquisition of Morgan Stanley's Italian private banking operations will allow the bank to strongly pursue its project of aiming on high-net-worth individual (HNWI) and Ultra High Net Worth Individuals (UHNWI) clients.
Annette Hoiness joins the Falcon Private Bank with immediate effect from Societe Generale, where she was Head of Private Investment Banking in the Gulf from 2011 serving family holding companies, family offices and Ultra High Net Worth Individuals (UHNWIs) with tailor-made solutions.
Matthew Celenza and Larry DiGioia are to join the firm from Morgan Stanley Private Wealth Management (NYSE: MS) where they were servicing ultra high net worth individuals and their families.
The two co-founded The Wilshire Group, a team of advisers catering to ultra high net worth individuals and families.
Merrill Lynch Wealth Management has appointed Richard Anooshian as a London-based financial advisor focusing on Middle East high net worth and ultra high net worth individuals.
Research conducted by Heinrich Weber, Swiss Banker and author of 'The Ultra High Net Worth Banker's Handbook,' estimates that there are 150 ultra high net worth individuals (UHNWI) in Kuwait after the crisis with an average wealth of US$370 million.
There are over 10,100 ultra high net worth individuals (UHNWIs) in the UK, with an average wealth of USD 110 million per person and a combined wealth of USD 1,113 billion.

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