Very High Net Worth Individuals
Very High Net Worth Individuals Meaning:
Very high net-worth individuals have a high net-worth with investable and liquid assets in excess of US$ 5 million. This may include a combination of assets, excluding personal resources like residential property, collectible items and consumer goods. These individuals are wealthier than high net-worth individuals, but not as wealthy as ultra high net-worth individuals. Although there is no specific definition, the net-worth classification of an individual is quoted in terms of liquid assets exceeding a certain value. In banking terms, the categorization becomes relevant because they qualify for certain privileges and investment opportunities that are not available to the general public.
Very high net-worth individuals have a high net-worth with investable and liquid assets in excess of US$ 5 million. This may include a combination of assets, excluding personal resources like residential property, collectible items and consumer goods. These individuals are wealthier than high net-worth individuals, but not as wealthy as ultra high net-worth individuals. Although there is no specific definition, the net-worth classification of an individual is quoted in terms of liquid assets exceeding a certain value. In banking terms, the categorization becomes relevant because they qualify for certain privileges and investment opportunities that are not available to the general public.
There are increasing numbers of very high net-worth individuals emerging from developing economies, especially the BRIC nations of Brazil, Russia, India and China, though the largest number of VHNWI�s still comes from the United States. VHNWIs are sought after by private wealth managers, offering personalized services such as investment management, trust services, real estate planning and more.