The United States now has over 1 million households with $5 million or more in investable assets – so there's a wealth of high-net-worth clients for advisors to pursue. But where can you find them?

Maryland leads the charge as the state with the most millionaire households per capita, according to a year-end report by Phoenix Marketing International. All of the top 10 states benefit from areas dubbed "wealth creation engines," including large cities and thriving tourism or centers of industry, according to Phoenix Managing Director David Thompson.

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