Affluent North Americans to Reach 37.7 million and $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.