HNW client percentage for Team firms serving clients in South Carolina

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: higher percentages suggest a focus on wealthier clients with more complex financial needs, while lower percentages imply broader access and more standardized planning.

In South Carolina, among team firms—those with 5 to 30 advisors or managing over $500 million in assets—the median HNW client percentage is about 28.7%. This is slightly below the national median of 32.2%, with most firms in the state falling between roughly 5.7% and 72.8%. This distribution suggests that many South Carolina team firms balance serving affluent clients with broader client bases. Some firms may be early in scaling their HNW focus or intentionally maintain lower minimums to offer more accessible services. Others lean more heavily into serving high-net-worth families with specialized estate, tax, and investment planning.

For you, this means the HNW client percentage is a useful signal about a firm’s typical client profile and service model, but it’s not a measure of quality. A higher percentage often means more bespoke, complex planning with higher minimums, while a lower percentage indicates more standardized services and broader accessibility. Consider this metric alongside others to find an advisor whose approach matches your financial situation and relationship preferences. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.