Bob FraserCFO & Macro Strategist | Data-Driven Investing Expert | Speaker & Author

What is the Ultra High Net Worth wealth gap?

Name: What is the Ultra High Net Worth wealth gap?
Uploaded: 2023-03-31T18:10:43+00:00
Duration: 55 s
Channel: Bob Fraser
Description: In this excerpt, the speaker outlines the composition of a membership community that sits in the wealth gap between traditional high‑net‑worth clients…

31 Mar 2023 · 1 min

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In this excerpt, the speaker outlines the composition of a membership community that sits in the wealth gap between traditional high‑net‑worth clients and family offices. The bulk of members hold $5‑30 million in investable assets (excluding primary residence) and are notably younger than typical very‑high‑net‑worth groups, with about 85 % in their 30s and 40s. Membership draws from a wide array of wealth‑creation backgrounds, including tech and non‑tech entrepreneurs, finance professionals (private equity, venture capital, hedge funds), technology workers, real‑estate investors, crypto participants, corporate executives, and professional‑services practitioners.

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who's in the community. It is primarily people in that gap that you're talking about of where they have more money than a traditional kind of wealth management's target to, but less than the family office range. The bulk of our membership is between about $5 and $30 million of investable assets. So assets outside of their primary residence. In our particular case, I think that skews a bit younger than your average very high net worth group. So the large majority, call it 85% of our members are in their 30s and 40s. That's not A rule or necessarily intentional on our part. I think just more of a selection thing. And in terms of their sources of wealth, I would say a number of different areas, a whole lot of entrepreneurs, whether that is tech or non-tech. A lot of people from financial backgrounds, private equity, venture capital, hedge funds, a lot of people who work in technology, and then everything from real estate to crypto to corporate executives, professional services, et cetera.