HIGH NET WORTH INDIVIDUAL

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In private banking, a 'high-net-worth individual (HNWI)' is a person with a high net worth. Typically these individuals have investable passets (financial assets not including first piece of real estate) in excess of US$1 million.

Contents
UHNWI
Banking and Finance
Retail
See also
References

UHNWI


UHNWI refers to Ultra-High-Net-Worth Individuals, individuals or families who have at least US$30 million in investable assets.
Banking and Finance

Most global banks, such as Credit Suisse, Deutsche Bank or UBS, have a separate Business Unit with designated teams consisting of client advisors and product specialists exclusively for UHNWI. Because of their extreme high net worth and the way their assets were generated, these clients are often considered to have semi-institutional or institutional like characteristics.
Retail

Brands in various sectors, such as Bentley, Maybach and Rolls-Royce in motoring, actively target UHNWI and HNWI to sell their products. Figures gathered by Rolls-Royce suggest there are 80,000 people in the UHNWI category around the world. They have, on average, eight cars and three or four homes. Three-quarters own a jet aircraft and most have a yacht. [1]
However, there is some disagreement as to what denotes a "High Net Worth Individual." Some would argue that it is inefficient to place someone in this category based solely on a certain amount of money. For instance, a person could be called a HNWI if they have a net worth that is higher than their annual income, or the general population.

See also



World Wealth Report

Millionaire

Billionaire

Swiss bank

Wealth

References


1. http://www.timesonline.co.uk/newspaper/0,,2769-2437479,00.html (dead url)


How I make the rich richer

Capgemini 2006 World Wealth Report

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