Share of high net worth individuals as clients of investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2023
Characteristic
Non-high net worth clients
High net worth clients
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
The chart is not accessible to screen readers. Please switch to the table view to access the data.
You need a ÌÇÐÄÆƽâ°æ Account for unlimited access
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 (85.3%) 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
Citation formats
Share of HNWIs as SEC-registered investment advisors' clients 2017-2023
Most of the individuals served by investment advisors registered at the U.S. Security and Exchange Commission (SEC) during the period from 2017 to 2023 were non-high net worth clients. In 2023, only percent of the individual clients were high-net worth individuals, which was a slight increase when compared to the previous year. The high net worth clients, however, accounts for the largest share of assets from individual clients.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
Investment Adviser Association. (June 20, 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 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /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 2023." Chart. June 20, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/
Investment Adviser Association. (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 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /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 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 20 Jun 2024, /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 2023 ÌÇÐÄÆƽâ°æ, /statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/ (last visited July 28, 2026)
Share of high net worth individuals as clients of investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2023 [Graph], Investment Adviser Association, June 20, 2024. [Online]. Available: /statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/
