A high-net-worth individual (HNWI) is a person with a high net worth. In the private banking business, these individuals typically are defined as having investable finance (financial assets not including primary residence) in excess of US$1 million. As explained below, the U.S. Securities and Exchange Commission has promulgated a different definition of "high net worth individual" for regulatory purposes.
Read more about High-net-worth Individual: World’s Wealth Report 2009, Capgemini Figures, Ultra High Net Worth Individuals, SEC Regulations, Academic Studies of Asset Management Trends
Famous quotes containing the word individual:
“Looks to me as if you’re trying to acquire a reputation as a lone wolf, Prewitt. You should know that in the Army, it’s not the individual that counts.”
—Daniel Taradash (b. 1913)