governance" is in place, the full range of development finance sources can be mobilized, and countries are better placed to design, finance and implement an effective pipeline of sustainable development projects to meet their SDGs.
Wealth is also highly concentrated in Hong Kong, where individuals with more than $20 million hold 47 per cent of investable
(with between $100,000 and $250,000) saw investable
assets decline by $79 billion between 2015 and 2016, to $2.6 trillion.
This group includes some 35 million plan member households currently in control of more than $5.7 trillion in investable
According to another definition of computing potential investable
resources, which replaces total liabilities with total borrowings, the potential reached over Rs 3.7 trillion while the major sectors remained the same.
Private clients with investable
assets or portfolio valuations below US$100,000 will have management fees waived for 9 months starting 1st January 2016.
Only one in 10 (13 percent) boomers had investable
assets of $500,000 or more.
Of this group, 45% report having $100,000 or more in investable
assets, while 49% have less than $100,000.
Summary paragraph: A balanced investment approach is wanted by those with $200,000 or more in investable
Millionaires in the report are defined as individuals with investable
assets of $1 million or more, excluding residence, collectibles and others.
While this demographic --especially if you top it out at $1 million of investable
assets--falls below the minimum wealth threshold required by many HNW-focused advisors, it is an attractive sweet spot for advisors who don't cater to HNW or ultra HNW clients.
The study entitled 'What is Wealthy?' and conducted by investment bank UBS found that only 28 per cent of investors with between 1 million dollars and 5 million dollars in investable
assets considered themselves rich, ABC News reported.