HNW client percentage for Multi-team 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 client focus of a firm: higher percentages suggest a focus on wealthier clients with potentially more complex financial needs, while lower percentages suggest broader access to a wider range of clients.

In Connecticut, among multi-team firms—those with 30 to 300 advisors or managing over $3 billion in assets—the median HNW client percentage is 26.66%, somewhat above the national median of 20.42%. This suggests that many Connecticut firms lean toward serving a moderately high proportion of HNW clients, though the distribution is broad, ranging from firms with virtually no HNW clients up to those with all clients meeting that threshold. This spread reflects the diversity within multi-team firms: some may be early-stage or intentionally designed to serve a wider client base, while others focus more exclusively on high-net-worth individuals and families. The firm-wide percentage blends various teams and service tiers, so the actual client mix you’d encounter may differ depending on the specific team you work with.

For you, this means the HNW client percentage is a useful signal about a firm’s typical client base and service approach, but it’s not a measure of quality. Higher percentages often mean higher minimums and more tailored, complex planning, while lower percentages may indicate greater accessibility and more standardized offerings. Use this metric alongside others to find a firm that aligns with your financial situation and service preferences. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.