The exact definition of a high-net-worth individual varies between financial institutions, but most commonly, the term refers to those with over $1,000,000 worth of liquid, investable assets.

See how we rate investing products to write unbiased product reviews. Net worth is an individual or company's total assets, minus any liabilities or debts. Net worth presents an easy way to ...

Explore High-Net-Worth Financial Planning, including its definition, components, monitoring, & adjustment. Discover essential ...

See how we rate banking products to write unbiased product reviews. The average American family has a $1.063 million net worth, according to Federal Reserve data. But the median net worth is $192,900.

Monkeybusinessimages / Getty Images Your net worth can say a lot about your financial life. It is easy to calculate and is a quick way to compare yourself to others at your income level.

Minimum assets for such firms typically start around $500,000 with services scaled by net worth. Key wealth manager qualifications include CFA and CFP designations, signaling expertise.

Among ultra-high-net-worth investors (those with a net worth of at least $30 million), alternative investments make up 50% of assets, compared to just 5% for the average investor. Image source ...

If so, you might benefit from net unrealized appreciation (NUA) on your taxes. The NUA is the difference between what your company stock was worth when you first got it and its value when sold.