HNW client percentage for Supported firms serving clients in Texas

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 reveals who a firm is designed to serve: higher percentages typically indicate a focus on wealthier clients with more complex financial needs, while lower percentages suggest broader access for a wider range of investors.

In Texas, supported firms—which include practices with 1–4 advisors plus staff or those managing over $200 million—show a median HNW client percentage of about 31%. This is slightly above the national median of 29%, indicating that many Texas firms lean toward serving a somewhat wealthier clientele. The distribution ranges from firms with very few HNW clients to those with nearly 90% HNW clients, reflecting a mix of business models. Some firms may be early in their growth stage or intentionally maintain a broader client base with more standardized services, while others focus on high-net-worth individuals requiring tailored, complex planning.

For you, this means the HNW client percentage can help clarify what kind of advisory experience to expect. A higher percentage often comes with higher minimum investment requirements and more personalized, sophisticated service, while a lower percentage may offer more accessible, streamlined planning. There’s no single “right” number—it’s about finding the fit that matches your financial situation and goals. Use this metric alongside others to better understand how a firm aligns with your needs.

Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.