HNWI

From Wealthbriefing:

From Financial Standard:

From AdvisorOne.com

Due to the current economic uncertainties, many high net-worth individuals are sticking to traditional investment options with lower risks. According to Capgemini’s “World Wealth Report 2008,” approximately 44% of the average high net-worth (HNW) portfolio consisted of fixed-income securities and cash/deposits. Furthermore, high net-worth individuals favored non-US dollar-denominated stocks and bonds as a method of hedging against the floundering US economy.

As a high net-worth individual, you have either inherited a large sum of money or you have worked very hard over the course of your career to amass your wealth. A high net-worth individual is one who is in possession of at least $1-million in assets– a sum that does not include the family home but is likely to include other properties as well as shares and other investments. An ultra-high net-worth individual has more than US$30 million in assets.