Financial Advisors Target Ultra-High Net Worth Households Amid Wealth Concentration
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Updated oct 9
The latest in this situation
How it started
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What happened
Financial advisors are increasingly seeking ultra-high net worth clients, driven by both prestige and growing demand for advice. According to Cerulli Associates, 442,000 households with $20 million or more in financial assets existed in 2024, holding $22.5 trillion in investable assets.
From cnbc.com
Why it matters
These wealthy households collectively accounted for nearly 25% of all U.S. household wealth, a substantial increase from 10% in 2010. Experts note that these clients require specialized financial expertise beyond that typically suited to the average investor.
From cnbc.com
How it developed
Newest first. Tap a step to see who reported it.- Fidelity conducted surveys on inheritance communication while Cerulli Associates projected a $124 trillion wealth transfer.Sub-event
- Valuation tools are being used to assess the worth of financial advisory practices.Sub-event
- Cerulli Associates projects growth in Separately Managed Account (SMA) assets.Sub-event
Financial advisors are leveraging wealth trend data to engage with ultra-high net worth clients.1 source