HNW client percentage for Multi-team firms serving clients in Idaho

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 is built to serve: higher percentages suggest a focus on wealthier clients with more complex financial needs, while lower percentages point to broader access and potentially simpler planning.

In Idaho, among multi-team firms—those with 30 to 300 advisors or managing over $3 billion in assets—the median HNW client percentage is 8.52%, which is notably lower than the national median of 20.2%. This suggests that many Idaho multi-team firms serve a broader client base with fewer high-net-worth households compared to the national pattern. The distribution shows a wide range, with some firms having virtually no HNW clients and others serving over half their clients at that level. This variation could reflect firms in earlier growth stages or those intentionally focusing on a more accessible client mix rather than exclusively targeting high-net-worth individuals.

For you, this means the HNW client percentage is a useful signal about a firm’s client focus but not a definitive measure of quality. A higher percentage often means higher minimums and more tailored, complex planning, while a lower percentage may indicate more standardized services and broader access. Consider this metric alongside others to find a firm that matches 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.