The high-net-worth (HNW) market is booming.
In 2014 alone, close to a million people around the world became new millionaires. In the United States, according to data released by Capgemini and RBC Wealth Management in 2015, the HNW community is collectively worth $16.2 trillion. By 2017, the wealth of HNW Americans will grow by 7%.
$16.2 trillion is an astounding number. Even after taxes and investments, that still leaves significant money for discretionary spending. For HNW individuals, that often means purchasing the latest technology, fine-art masterpieces, jewelry, yachts and vacation homes.
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