High-Net-Worth Individuals (HNWIs) are individuals who possess at least $1 million in liquid financial assets. HNWIs play an important role in the global economy and the financial services industry as they are in high demand by private wealth managers because of their requirement of more attentive work to maintain and preserve their assets. In 2021, the United States had the most HNWIs with a total of 7.4 million people.

The more amounts of money held, the higher the level of HNWI. Very-high-net-worth individuals (VHNWIs) have at least $5 million in net worth while ultra-high-net-worth individuals (UHNWIs) have at least $30 million in assets. However, HNWIs are measured not only in terms of the amount of money they possess but the appreciation of their worth over time as well.

Moreover, HNWIs benefit from a variety of exclusive positions like upper-level access to services that are inaccessible to other investors because of their asset size, levels of connoisseurship in investments, and experience in strategic planning.

HNWIs can easily find private wealth managers who can advise them on strategies on asset management and allocation of funds as well as tax planning. Furthermore, HNWIs also can benefit from dedicated tax advisors, lawyers, and other specialists that know the latest regulations, procedures and tips in the areas of wealth management.

Apart from that, HNWIs have access to services that the typical investor cannot, such as better portfolio protection and investing services. These services are only available to those with a significant portfolio, since these services require a greater amount of investment capital.

HNWIs may also be given preferential treatment in terms of loans and borrowings. The larger the amount they have available to invest, the lower the risk premium they are likely to pay and bond yields they will receive. Banks can also offer HNWIs better interest rates on loans as well as provide them with access to exclusive investment opportunities.

In conclusion, High-Net-Worth Individuals (HNWIs) are responsible for a large portion of the global economy. They benefit from dedicated services that the typical investor does not, such as private wealth managers, tax advisors, and investment opportunities. Moreover, their assets entitle them to preferential treatment when it comes to loans and borrowings.