HNW client percentage for Multi-team firms serving clients in North Carolina
High-net-worth (HNW) client percentage measures the share of a firm’s clients who meet the SEC’s high-net-worth threshold, indicating the level of wealth a firm typically serves. This metric helps you understand whether a firm is geared toward more complex, bespoke planning for wealthier clients or broader access for a wider range of households. For multi-team firms, which have 30 to 300 advisors and manage over $3 billion in assets, the HNW percentage reflects a blend of different client segments and service tiers within the organization.
In North Carolina, among 283 multi-team firms, the median HNW client percentage is 10.51%, notably lower than the national median of 20.2%. The distribution shows many firms with relatively low HNW percentages, suggesting that a significant portion of multi-team firms in the state serve a broader client base rather than focusing predominantly on high-net-worth individuals. This could mean these firms either are early in their growth phase or intentionally maintain more accessible minimums to serve a wider range of clients. Conversely, firms toward the higher end of the distribution likely have more specialized teams catering to wealthier clients with complex needs.
What this means for you is that the HNW client percentage offers insight into a firm’s typical client profile and service approach, but it’s not a measure of quality. A higher percentage often signals more personalized, complex planning with higher minimums, while a lower percentage suggests broader access and more standardized services. Use this metric alongside others to find a firm that matches your financial situation and relationship preferences. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.
Median: 11%
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