The good news for wealth managers is that both the population and wealth of high-net-worth individuals are at record highs, and trust in advisors also rose sharply last year. However, those wealthy clients under 40 will require a lot more attention in the future.
The population of high-net-worth-individuals (HNWIs) with more than $1 million in investable assets in the U.S. jumped 17% to 4 million and their investable wealth rose by 18% to reach nearly $14 trillion, according to the U.S. Wealth Report 2014 released by Capgemini and RBC Wealth Management.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access