Capgemini
U.S. millionaire population grew again last yearPosted by RJ and Makay on Mar 23, 2012 |
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The number of millionaires in the U.S. increased by 200,000 in 2011, according to a newly released report by Spectrem Group. The growth rate, at 2%, was slower than the rate of growth in 2010 and 2009. In 2010, the nation added 600,000 millionaire households, an increase of 8% from the prior year. 2009 saw a rise of 16% from 2008, when millionaire numbers plummeted by 27% during the financial crisis.
Bloomberg has surveyed more than 1000 money management firms worldwide to come up with the top 50 family-office firms by assets. Using a database obtained from Family Office Group of Portland Oregon, the firms were requested to exclude funds managed for pensions and other institutions but include those of private foundations. Ranked offices provided comprehensive investment and non-investment services to multi-generational families.
The New York City metropolitan area has 720,000 high net-worth individuals (HNWIs), almost three times as many as Los Angeles, which is second in the nation at 256,500 HNWIs, according to professional services firm Capgemini, which recently released its 2011 Metro Wealth Index. Chicago, Washington D.C. and San Francisco follow with 212,300, 164,400 and 147,400, respectively. The index monitors populations of HNWIs within the top ten U.S. metropolitan statistical areas (MSAs). The index helps wealth management firms understand the scale and potential of different markets, identify new growth opportunities, or adjust an existing footprint in specific regions.
