HNW client percentage for Multi-team firms serving clients in Puerto Rico

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 imply broader access to a wider range of investors.

In Puerto Rico, multi-team firms—those with 30 to 300 advisors or managing over $3 billion in assets—show a notably low median HNW client percentage of 0.0%, compared to the national median of about 20%. This suggests that many firms in Puerto Rico either serve few or no clients meeting the high-net-worth threshold or have a client base concentrated below that level. The distribution reveals that while a small number of advisors do serve higher-net-worth clients, most firms focus on broader access. This pattern could reflect either early-stage firms still building their HNW clientele or firms intentionally structured to serve a wider market rather than specializing in high-net-worth clients.

For you, this means that when evaluating multi-team firms in Puerto Rico, a low HNW client percentage doesn’t imply lower quality—it signals a different client focus and service model. Higher percentages typically indicate firms with higher minimums and more bespoke planning, while lower percentages suggest more standardized service and broader accessibility. 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.