Advising The Ultra High Net Worth Clients

We are used to hearing the terms millionaires and billionaires but now a days the term “high net worth individual” (HNWI) is widely used to describe those people who have high net worth. So how will you define this class of people? A High net worth individual (HNWI) is someone who has financial assets of more than $1million. While the “Ultra high net worth individual” (UHNWI) is a person who has financial assets of more than $30 million.

How will you classify the financial value of a person? This is a very good question that a lot of people must know about. A person’s net worth is being referred to the value of one’s assets minus the value of his debts or liabilities.

The World Wealth Report who is known for surveying millionaires and billionaires defines the ultra high net worth individuals as those people with a net worth of at least $30 million. This figure represents the value of their assets of which includes their stocks, properties, luxury cars, yachts, jewelries and collectibles after taking in to account their debts and liabilities. There are also other companies that describe the UHNWI’s as those people who have too much of investable assets. The usual minimum limit of investible assets in order for you to be qualified as an UHNW individual ranges around $5 million and $30 million.

It has been know that wealthy individuals tend to have more complex financial problems. That is why a lot of them are seeking advice from financial professionals. This is where the role of financial planners takes it place. Financial planners are financial professionals who give financial planning advice in order to help people in achieving their financial goals. One of the most important roles of financial planners is advising the ultra high net worth clients.


With so much wealth and assets these ultra high net worth clients are already having a hard time managing everything that is why they hire people to work for them. You can find a lot of different industries work together just to meet the needs and requirements of the so called “rich and famous”. Expert professionals from different industries cater their needs down from financial planning, wealth management, prime real estate, yachting, car dealings, designer jewelries and clothing and many more. And the best services that financial planners do is advising the ultra high net worth clients and doing such job is not an easy one.

It requires financial planning professionals to be expert in all aspects of financial services. As a matter of fact ultra high net worth clients prefer to hire financial planners with strong credentials such as Certified Financial Planners. These professionals have already proven their strong credibility and expertise in this field. Things like this matters a lot to most of super wealthy individuals. Go here for more.