Most of the assets managed for individuals by investment advisors registered at the U.S. Security and Exchange Commission (SEC) were attributable to high net worth clients. In 2023, high net worth individuals' assets accounted for more than 64 percent of the total individual assets managed by SEC-registered investment advisors. This is despite being a small share of the total individual clients of SEC-registered investment advisors.
Share of high net worth individuals' assets managed by investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2023
Clients not using asset management services are not classified by client type and, therefore, are not included. The source adds the following information on non-high net worth individuals: The majority of clients (85.3%) were non-high net worth individuals. Generally, these are individuals with less than $1.1 million in assets under management with an adviser or with a net worth of less than $2.2 million, excluding the value of a primary residence
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Investment Adviser Association. (June 20, 2024). Share of high net worth individuals' assets managed by investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2023 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1251293/advisors-aum-by-clients-net-worth-sec/
Investment Adviser Association. "Share of high net worth individuals' assets managed by investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2023." Chart. June 20, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1251293/advisors-aum-by-clients-net-worth-sec/
Investment Adviser Association. (2024). Share of high net worth individuals' assets managed by investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2023. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1251293/advisors-aum-by-clients-net-worth-sec/
Investment Adviser Association. "Share of High Net worth Individuals' Assets Managed by Investment Advisors Registered at The U.S. Securities and Exchange Commission (Sec) from 2017 to 2023." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/1251293/advisors-aum-by-clients-net-worth-sec/
Investment Adviser Association, Share of high net worth individuals' assets managed by investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2023 Statista, https://www.statista.com/statistics/1251293/advisors-aum-by-clients-net-worth-sec/ (last visited December 23, 2024)
Share of high net worth individuals' assets managed by investment advisors registered at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2023 [Graph], Investment Adviser Association, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/1251293/advisors-aum-by-clients-net-worth-sec/
