The plush offices have rooms all named after local landmarks, and they are designed to have the feel of a luxury home - perfect for the target audience: higher net-worth (HNW
Some HNWs' finances are uncomplicated relative to their wealth.
in Yardley, Pennsylvania agrees that HNWs' finances and goals can pose additional challenges.
Pinsent Masons says that the increase in visas issued to Chinese High Net Worths (HNW) is part of a broader increase in investment in the UK from China.
Yuri Botiuk, Partner at Pinsent Masons, says that he does not expect the new rules introduced last month by the Home Office to have a substantial impact on the UK s ability to attract HNW investment as most investors applying for Tier 1 (Investor) status will see the doubling in the required investment from Au1 million to Au2 million as relatively modest.
Beyond the amount of a HNW
client's wealth, the source of the money also influences attitudes and expectations, says Cindy Richey, CFP with Prosperity Planning Inc.
For the first time the publication reported steep losses for HNWs whose population fell by 14.99 per cent and for UHNWIs whose population fell by 24.6 per cent.
However, on a rolling three-year basis it remains sensible to look at what HNWs are doing with their money as they set the trend.
The study finds that ability to communicate electronically, access to automated investing tools and real-time notifications of portfolio moving news have all become part of the conversation, with HNW individuals now more willing to do their own research and be generally more hands-on.
Here are four findings for wealth managers to consider when engaging HNW millennials and Gen Xers.
There's no question that you could (assuming you can afford it) prospect for HNWs
by immersing yourself in the glitz of their most visible segment.
A first step is to decide which HNW
market segment you'll serve.