High Net Worth Individuals and Families

Premium financial advisory services for those who need them.

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Individuals and families with substantial assets require a different level of financial advisory services to protect their wealth and estates as well as interdependent business interests. Your Highstreet agent has the experience and understanding to help you protect and grow your assets — today, and for the future of your family.

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Your financial planning requires a more sophisticated strategy.

Our complete financial services are tailored to your individual and family requirements.

67%
of high-net-worth individuals

say “wealth preservation” is their number-one financial goal, followed by “wealth growth” (63%)


* Capgemini World Wealth Report (2023)

5.5%
annual growth

in the number of high-net-worth households in the United States.

** Forbes (2023)

56%
of high-net-worth households

select their wealth management firms based on value-added services such as tax planning, inheritance advice, estate management, and legal consultation.

*** Capgemini World Wealth Report (2023)

Highstreet advisors provide bespoke services for the sophisticated needs of:

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High-net-worth individuals (HNWIs) or households with liquid assets valued from $1 million and $5 million.

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Very-high-net-worth individuals (VHNWIs) or households with liquid assets valued between $5 million and $30 million.

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Ultra-high-net-worth individuals (UHNWIs) or households who own more than $30 million in liquid assets.

Your Highstreet advisor can help you create a successful high net worth financial plan, including:

  • Specialized tax services

    • Tax strategy
    • Tax planning
    • Tax preparation
  • Other financial needs

    • Trusts
    • Estate planning
    • Hedge funds and private equity firms
  • Family office

    • A total solution to managing the financial and investment needs of an affluent individual or family.

Frequently asked questions about financial planning for high net worth individuals and families.

Tax preparation is the process of gathering your financial information and completing your tax return. This is typically a one-time event that takes place once a year. Tax preparation is done after the tax year has ended and limits the number of options you have to reduce your liability. The outcome of the final liability is unknown until the tax returns are completed.

Tax planning is a more proactive approach, which involves taking steps throughout the year to minimize your tax liability. It can include things like contributing to retirement accounts, deducting business expenses, and taking advantage of tax credits and deductions. This allows you to manage your cash needs more effectively while removing the stress from the uncertainty inherent in just preparing your taxes after the fact.

Tax strategy is the most advanced form of tax planning. It allows you to balance your long term financial goals with tax minimization. It considers your current financial situation, tax & legal structure, future financial goals, and the ever-changing tax laws and uses complex legal and financial strategies to minimize tax liability and accumulate wealth.

Your Highstreet advisor can help you determine which kind of tax service you may need.

Family offices provide a wide variety of integrated wealth management services to ultra-high-net-worth families with more than $30 million in liquid assets. Family offices can provide various kinds of advisory and concierge services, including succession planning, education, trusts, and building the financial knowledge of upcoming generations so that they can better manage their wealth. Your Highstreet advisor can help you determine if you could benefit from a family office.