Most of the individuals served by investment advisors registered at the U.S. Security and Exchange Commission (SEC) during the period from 2017 to 2022 were non-high net worth clients. In 2022, only 14 percent of the individual clients were high-net worth individuals, which was the same as the previous year. The high net worth clients, however, accounts for the largest share of assets from individual clients.
Share of high net worth individuals as clients of investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2022
Clients not using asset management services are not classified by client type and,
therefore, are not included.
The source adds the following information on non-high net worth individuals: The majority of clients (85.8%) were non-high net worth individuals. Generally, these are individuals with less than $1.1 million in assets under management with an adviser or with a net worth of less than $2.2 million, excluding the value of a primary residence
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Investment Adviser Association. (June 21, 2023). Share of high net worth individuals as clients of investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2022 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/
Investment Adviser Association. "Share of high net worth individuals as clients of investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2022." Chart. June 21, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/
Investment Adviser Association. (2023). Share of high net worth individuals as clients of investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2022. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/
Investment Adviser Association. "Share of High Net worth Individuals as Clients of Investment Advisors Registered at The U.S. Securities and Exchange Commission (Sec) from 2017 to 2022." Statista, Statista Inc., 21 Jun 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/
Investment Adviser Association, Share of high net worth individuals as clients of investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2022 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/ (last visited November 10, 2024)
Share of high net worth individuals as clients of investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2022 [Graph], Investment Adviser Association, June 21, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/
