Global Population of High Net Worth Individuals

Who do you think are considered as High Net Worth Individuals?

High net worth individual (HNWI) is a classification used by the financial services industry to refer an individual or a family with high net worth of wealth.The categorization is relevant because high net worth individuals generally qualify for separately managed investment accounts instead of regular mutual funds. High net worth is generally quoted in terms of liquid assets over a certain figure. The exact amount differs by financial institution and region. HNIs are in high demand by private wealth managers. The more money a person has, the more work it takes to maintain and preserve those assets.

Different financial institutions maintain different minimum standards for HNWI classification. Most banks require that a customer have a certain amount in liquid assets and/or a certain amount in depository accounts with the bank to qualify for special HNWI treatment.

To be considered as one of the member of this elite club the most commonly quoted figure is $1 million in liquid financial assets. An investor with less than $1 million but more than $100,000 is considered to be “affluent” or perhaps even “sub-HNWI.” The upper end of HNWI is around $5 million, at which point the client is then referred to as “very HNWI.” More than $30 million in wealth classifies a person as “ultra HNWI.”


High Net Worth Individuals

According to The World Wealth Report it appears that as of 2015, the United States boasts the most HNWIs in the world at over 4.45 million. HNWIs represent over 1.3% of the U.S. population. Moreover, 61.2% of the global HNWI population reside in four countries: The United States, Japan, Germany and China. The two Asian countries on the list, Japan and China, had the largest increases in HNWI population between 2014 and 2015 at 11% and 16%, respectively. The biggest drop in HNWI population was suffered by Brazil, which had 8% fewer HNWIs in 2015 than in 2014.

Nevertheless, looking ahead, global HNWI wealth is projected to grow by almost eight percent annually from the end of 2014 through to 2017, to reach US $70.5 trillion, led by Asia-Pacific at an anticipated growth rate of 10.3 percent. Europe is expected to act as a more prominent engine of HNWI wealth expansion at 8.4 percent annually, as a result of improved optimism for a more substantial recovery throughout the region, while the wealth of HNWIs in North America is anticipated to grow by a more modest 7percent.

In addition, the only reason why HNIs have been defined or categorized is to show their financial standing that these investors are generally perceived to be richer than others. It is simple, they have wealth in abundance.

Written by: Alan Smith for Global data brokers

List Source: High Net Worth Individuals Email List
Contact: +1(866) 962-3282

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The Top 5 Challenges Faced By the Fishing Industry

Fishing is one of the most popular and celebrated leisure activities. It is often pursued as a hobby but if your hobby can help you earn extra wouldn’t that just be the topping on the cake? That is what most fishing enthusiasts have been able to do, but the depleting resources and decline in supply has led to a lag phase in the fishing enthusiasts’ life.

The fishing industry- a once thriving sector now on the ropes?

The fishing industry has been affected by various factors. Technically the business in not doing well owing to the fact that though there is a demand for high quality fish and often the supply fails to match the demand.
Reasons that have led to a deterioration in supply of good fish:

  1. Reduced Small Boat Owners
    There is talk of fish being good for the heart, as an anti-aging product and as a rich source of vitamins. Good fish is laden with the good fat or good density lipids and it is meant to nurture good health. There is high demand for superior quality fish. The consumption is also on the rise leading to a dearth in the supply. With this current healthy eating drive, there is an increase in demand for fish but the supply doesn’t always match up to the demand. There is a decline in the number of small boat owners and this has contributed to the decrease in fish supply.
  2. Cuts Suggested By the Federal Government
    The Federal Government has decided how much cod and haddock fishermen can catch. This rule has not only impacted the quantity of the fish caught but the quality as well. Therefore local captains are now focussing on secondary fish like Pollock, redfish and dogfish shark. But the problem lies in the fact that consumers wish to invest in superior quality fish that would give them health benefits as well.
  3. The Rise In Demand And The Aquatic Habitats
    The natural habitats when disturbed will impact in the breeding of good quality fish. Due to overfishing, the ocean floor gets impacted. Sea life beyond fish, like sponge, dragging creatures, and corals may also get affected. The marine life gets disrupted and lose out on a good breeding place.
  4. Bycatch
    Bycatch is one of the bigger challenges that continues to mar the world of fishing. This is an unfortunate thing that happens while fishing wherein fish, turtles, sea birds and other animals get trapped in a broad sweeping fishing tool that may include gillnets and bottom trawls. Gillnets spread across miles and trap any organism that swims into them. The organisms may be dolphins or sharks. Endangered species of turtles and sharks are more at risk. Then there are bottom dragging creatures, coral and anything that comes in the way. These careless and wasteful deaths of numerous sea creatures disturbs the aquatic ecosystem. The repercussions are plenty.
  5. Illegal Fishing
    The world of fisheries has witnessed significant change in the recent past. The number of fish species has depleted and the demand for products is on a rise. But owing to illegal fishing there have been some other problems too like harvesting undersized fish, unauthorized fishing across territories and use of illegal procedures.

How do we provide a solution to the problems associated with fishing?

The end consumers fuel the demand for fish. Working towards the proliferation of fisheries that have fish for human and pet consumption is the surest way to ascertain that there is sufficient supply. But as a consumer if you are aware of sustainable seafood and you are able to ask for sea food that is sourced through sustainable fishing practises, you would be doing a great deal of good for the fisheries sector. So whether you are a fishing enthusiasts or connoisseur of sea food, be more pragmatic in your approach of promoting good fish breeding. Be a responsible consumer and see the wave of change that is brought about with your responsible move.

Posted by Contact Consumers for Fishing Enthusiasts Email List

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