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: 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 Idaho, multi-team firms—those with 30 to 300 advisors or managing over $3 billion in assets—show a median HNW client percentage of 8.56%, which is notably lower than the national median of 20.2%. Among 131 firms in the state, many report very low to moderate HNW client shares, with some firms serving virtually no clients above the threshold and others reaching as high as 56%. This distribution suggests that Idaho’s multi-team firms tend to offer a broader range of services accessible to clients below the high-net-worth level, though some still cater to a significant HNW clientele. The variation may reflect a mix of firms in earlier growth stages or those intentionally structured to serve a wider market rather than focusing primarily on HNW clients.

For you, this means the HNW client percentage is a useful indicator of a firm’s client focus but not a measure of quality. A higher percentage often means higher account minimums and more personalized, complex planning, while a lower percentage may offer more standardized services and easier access. Use 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.