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.
