In the latest indicator that perhaps the worst of the economic malaise is behind us, a new report released on Wednesday by Spectrem Group finds that the number of U.S. households with a net worth of more than $1 million, excluding their primary residence, jumped 8% to more than 8.4 million households in 2010.
More telling, especially for broker-dealers, financial advisors and private banks always on the prowl for new deep-pocketed clients, the number of ultra net worth households -- defined as those with a net worth of more than $5 million, also increased 8% last year to more than 1.06 million.
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