Ultra High Net Worth Individual (UHNWI)
An ultra high net worth individual (UHNWI) is someone who has at least $30 million in investable assets, excluding personal assets and property such as a primary residence, collectibles, and consumer durables. UHNWIs often require highly specialized wealth management services to preserve and grow their substantial assets.
UHNWI
Examples
As an ultra high net worth individual with over $100 million in investable assets, John required the sophisticated wealth management solutions and concierge services that only a specialized multi-family office could provide.
FAQ
What is the difference between a HNWI and a UHNWI?
A HNWI has at least $1 million in investable assets, while a UHNWI has at least $30 million. The substantially higher wealth of UHNWIs necessitates even more customized financial services and wealth preservation strategies.
What unique challenges do UHNWIs face?
UHNWIs often face challenges in managing the complexities of their wealth, including investment management, tax optimization, estate planning, privacy concerns, and family governance issues. They require highly bespoke solutions.
What types of professionals work with UHNWIs?
UHNWIs often have a team of professionals to manage their wealth, including private bankers, investment managers, tax advisors, estate planning attorneys, risk management experts, and concierge services. Many utilize multi-family offices for integrated wealth management.
