HNW client percentage for Team firms serving clients in Connecticut

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 reflect broader access to affluent but not necessarily ultra-wealthy individuals.

In Connecticut, among team firms—those with 5 to 30 advisors or managing over $500 million in assets—the median HNW client percentage is about 35%, slightly above the national median of 32%. This suggests that many Connecticut teams tend to serve a client base that leans toward the higher end of the affluent spectrum, with a significant portion meeting the HNW criteria. The distribution shows a range from just under 2% to over 88%, indicating diversity in firm focus. Some firms may be early-stage or intentionally broad in their client base, offering more standardized services to a wider audience. Others are more specialized, focusing on high-net-worth clients with complex estate, tax, and investment needs.

For you, this means the HNW client percentage can help you understand a firm’s typical client profile and service model. There’s no single “right” number—firms with higher percentages often have higher minimums and more bespoke planning, while those with lower percentages may offer more accessible, standardized advice. Use this metric alongside others to find a financial advisor whose approach aligns with your financial situation and goals. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.