Very High Net Worth Individuals

Very High Net Worth IndividualsMeaning:
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 IndividualsExample:
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.