HNW client percentage for Team firms serving clients in Ohio

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 designed to serve: a higher percentage suggests a focus on wealthier clients with more complex financial needs, while a lower percentage points to broader access and more standardized planning.

In Ohio, among team firms—those with 5 to 30 advisors or managing over $500 million in assets—the median HNW client percentage is about 27%. This is somewhat lower than the national median of 32%, suggesting that many Ohio teams serve a mix of affluent clients, not exclusively high-net-worth individuals. The distribution shows a range from just under 3% to over 70%, indicating diversity in firm focus. Some Ohio firms may be early in scaling their HNW client base or intentionally maintaining broader access to serve a wider client segment. Others may concentrate more heavily on high-net-worth clients, offering specialized estate, tax, and investment planning.

For you, this means the HNW client percentage can help clarify what kind of client experience to expect. A higher percentage often means higher minimums and more bespoke service, while a lower percentage typically reflects more standardized offerings and broader client access. There’s no single “right” number—it depends on your financial situation and the level of personalized attention you want. 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.