What is High-net-worth Individual

What is High-net-worth individual


Description of High-net-worth Individual

High-net-worth Individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible assets (such as stocks and bonds) exceed a given amount.

High-net-worth Individual

There are distinct classifications of HNWI (High-net-worth Individual) and the exact dividing lines depend on how a bank wishes to segment its market. For example, an investor with less than US$1 million but more than US$100,000 is considered[by whom?] to be “affluent”, or perhaps even “Sub-HNWI”. “Very-HNWI” (VHNWI) can refer to someone with a net worth of at least US$5 million.

The Capgemini and Merrill Lynch World Wealth Report 2006 defines an additional class of ultra-high-net-worth individuals (UHNWIs), those with US$30 million in liquid financial assets or with a disposable income of more than US$20 million.

Most global banks, such as Credit Suisse, Barclays, BNP Paribas, Citibank, Deutsche Bank, HSBC, JPMorgan Chase and UBS, have a separate business unit with designated teams consisting of client advisers and product specialists exclusively for UHNWI.


High-net-worth individual



piyushv531

Blogger

error: Content is protected !!