HNW client percentage for Enterprise firms serving clients in Connecticut

High-net-worth (HNW) client percentage measures the share of a firm’s clients who meet the SEC’s high-net-worth threshold—roughly $1.1 million in managed assets or $2.2 million in net worth. This metric helps indicate the type of clients a firm primarily serves: a higher percentage suggests a focus on wealthier clients with more complex financial needs, while a lower percentage points to broader access for a wider range of investors.

In Connecticut, among enterprise firms—those with 300 to 3,000 advisors or over $30 billion in assets—the median HNW client percentage is about 19%, slightly below the national median of 20.4%. The distribution shows that most firms in the state have between roughly 2% and 32% of their clients classified as high-net-worth, with a few reaching as high as 52.5%. This suggests that many Connecticut enterprise firms balance serving affluent and mass-affluent clients alongside their high-net-worth clientele. Some firms may be early in building their HNW practices, while others intentionally maintain a broader client base to offer more standardized services.

For you, understanding a firm’s HNW client percentage can help clarify whether its focus aligns with your financial profile and service expectations. A higher percentage often means higher minimums and more tailored planning, while a lower percentage may indicate more accessible, standardized offerings. There’s no single right number—it’s about finding the balance that fits your needs. Use this metric alongside others to compare firms and make an informed choice.

Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.