What it Really Means to be Ultra-High Net Worth
The ultra-high net worth segment is perhaps the most
mysterious, and the most coveted segment of the millionaire population. This
group of millionaires may not be as prevalent as the middle class, but their
numbers are growing at a rapid pace. According to wealth research firm New
World Wealth, there are some 23,000 millionaires living in the U.S., a number
that has nearly tripled in the last decade. This explains why the ultra-high net
worth individuals are among the hottest targets for wealth managers. With more
than $1 billion in liquid assets, it’s easy to see why they’re coveted.
However, what it really means to be ultra-high net worth is a bit more
complicated than that. We’ll explore what it takes to be an ultra-high net
worth individual and the challenges they face.
What is Ult...