HNW client percentage for Supported firms serving clients in New York

High-net-worth (HNW) client percentage measures the share of a firm’s clients who meet the SEC’s threshold for high net worth—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 designed 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 New York, supported firms—which typically have 1–4 advisors with staff or manage over $200 million in assets—show a median HNW client percentage of 31.24%. This is slightly above the national median of 29.32%, reflecting a strong presence of firms serving a mix of affluent and high-net-worth clients. The distribution ranges widely, with some firms focusing on a smaller share of HNW clients, likely offering scalable, standardized services to a broader clientele, while others concentrate heavily on HNW individuals, providing highly customized and complex planning. This spread suggests that New York’s advisory landscape includes both firms designed for broader access and those built around more exclusive, bespoke wealth management.

For you, understanding a firm’s HNW client percentage offers insight into its client focus and service model. There’s no single “right” percentage—it depends on your financial situation and what kind of relationship you want. Higher percentages often mean higher minimums and more tailored advice, while lower percentages may indicate more accessible, standardized services. Use this metric alongside others to find a firm that aligns with your needs and goals. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.