WiserAdvisor Blog Key Components of Financial Planning for High-Net-Worth Individuals and Families

The global population of High-Net-Worth Individuals (HNWIs), defined as those with at least $1 million, has increased all over the world, with significant growth driven by the U.S. In fact, there are now more than 5.5 million Americans with liquid investable assets of over $1 million, a 62% increase over the past decade, far surpassing the global growth rate of 38%. By the end of 2023, the ultra-high-net-worth individual (UHNWIs) group totaled 626,600 individuals worldwide, according to the 2024 report. For high-net-worth individuals and families, retaining and growing their wealth is essential. Effective high-net-worth financial planning is essential to achieving […] The post Key Components of Financial Planning for High-Net-Worth Individuals and Families first appeared on WiserAdvisor - Blog.