Although U.S. economic growth remains sluggish, the High Net Worth (HNW) market continues to expand and create opportunities for financial professionals who focus on it.
According to Capgemini’s 2011 U.S. Metro Wealth Index, the total population of U.S. HNW individuals living in metro areas increased by 7.3 percent in 2010, with the highest growth rates shown in Houston (9.6 percent), Los Angeles (8.8 percent), New York (7.9 percent) and Washington, D.C. (7.9 percent). You can access Capgemini’s HNW statistics for the 10 largest U.S. metro areas (2007-10) at:
Also, U.S. Trust has published its 2011 Insights on Wealth and Worth survey, including attitudes about wealth, estate planning and intergenerational wealth transfers. A free PDF file of survey findings is available at: www.ustrust.com/publish/ust_072210/USTSurvey/pdfs/Deck-Full.pdf