HNW client percentage for Team firms serving clients in Vermont

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 Vermont, among team firms—those with 5 to 30 advisors or managing over $500 million in assets—the median HNW client percentage is 41.84%, notably higher than the national median of 32.21%. With 44 firms and 142 advisors represented, this suggests Vermont’s team firms tend to serve a relatively affluent client base. The distribution shows many firms clustering between about 25% and 63% HNW clients, indicating a mix of practices: some may be early-stage or intentionally broad in client scope, while others focus more exclusively on high-net-worth families with complex planning needs. This range reflects a balance between scalable, repeatable service models and more bespoke, high-touch advisory approaches.

For you, this means that when evaluating Vermont team firms, a higher HNW client percentage typically signals firms with higher minimums and more tailored wealth management services. Conversely, firms with lower percentages may offer broader access and more standardized advice. There’s no single “right” number—it depends on your financial situation and the kind of relationship you want. Use this metric alongside others to find a firm that fits your needs. Or, if you'd rather skip the guesswork, Warmer can help you find a financial advisor who fits your needs.