The Market for High Net-Worth Individuals

The market for high net-worth individuals (HNWIs) refers to the segment of the financial industry that caters to individuals possessing significant wealth, typically defined as having assets of $1 million or more. This market involves specialized services such as private banking, wealth management, investment advisory, estate planning, and exclusive investment opportunities. It is characterized by personalized strategies designed to grow, preserve, and transfer wealth efficiently. Due to their substantial resources, HNWIs often require tailored solutions and access to unique financial products that are not available to the general public.