Ultra-High-Net-Worth Individuals (UHNWI): Over $30,000,000
Why $900,000 Falls into HNWI?
Although $900,000 is close to the HNWI threshold, the term is often used flexibly for individuals who are near the $1M mark.
Banks and wealth managers generally consider $900,000 within this category because they have similar service needs.
ICWIM Textbook, Chapter on Investor Profiling: Defines HNWI thresholds and explains their investment behavior.
Wealth Management Industry Standards: High-net-worth classification begins near $1M.
ReferencesThus, the investor would normally be categorized as B. High-net-worth.
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