HNW client percentage for Team firms serving clients in Kentucky

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 point to broader access and more standardized planning.

In Kentucky, among team firms—those with 5 to 30 advisors or managing over $500 million in assets—the median HNW client percentage is 22.38%, which is somewhat below the national median of 32.28%. With 106 firms represented, the distribution shows a range from just over 1% to nearly 78% HNW clients. This suggests that many Kentucky team firms serve a mix of affluent and high-net-worth clients, with some focusing more on broader affluent planning and others catering to wealthier households. The variation may reflect firms in earlier growth stages or those intentionally maintaining lower minimums to serve a wider client base, while others have established higher thresholds and more specialized services.

For you, understanding a firm’s HNW client percentage can help clarify whether its service model aligns with your financial profile and planning needs. A higher percentage often means more tailored, complex advice but typically requires higher minimums, while a lower percentage may offer greater accessibility with more standardized services. Use this metric alongside others to find a firm whose approach fits your situation and goals. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.