Affluent North Americans to Reach 37.7 million and $19 trillion in Assets by 2010

The population of affluent and wealthy individuals in North America will grow 24% to 37.7 million by 2010 from from 30.4 million in 2006, according to Celent. The report expects this affluent group to control over $19 trillion in assets by 2010. 

In the report, Wealth Management in North America: Clients, Products, and Providers, Celent takes a snapshot of the wealth management industry at the start of 2007. 

According to the Celent report "Wealth Management in North America: Clients, Products, and Providers", the three major segments of this affluent individuals are:

Affluent and Wealthy Individuals in North America - 2010

Segment Net Worth Range Population Total Assets
Mass Affluent $250,000 to $2 million 33.9 million  $7.2 trillion 
High net worth $2 million to $10 million 3.4 million $7.9 trillion
Ultra-high net worth more than $10 million 377,000  $4.2 trillion

The world's financial assets reached a record $140 trillion worth of stocks, bonds and other financial assets as of 2005, more than three times as large as the total worldwide GDP, according to a study by McKinsey & Co.

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