Categories: General Tax Terms
High Net Worth Individual (HNWI)
A High Net Worth Individual (HNWI) is a person who possesses liquid assets above a defined threshold, typically set at $1 million or more, excluding primary residences.
HNWI status is often used by financial institutions and wealth management firms to identify clients who may require specialized financial services, investment strategies, and estate planning advice. The categorization can further extend to Ultra High Net Worth Individuals (UHNWI), who have assets exceeding $30 million.
For example, an investor with a portfolio of stocks, bonds, and cash totaling $2 million would be classified as an HNWI, making them a target for personalized financial services.
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