what is a high net worth individual hnwi 
a high net worth individual hnwi is someone who generally has liquid assets of at least 1 million after accounting for their liabilities 1 liquid assets held by hnwis include cash and investments that can be easily liquidated or converted to cash including stocks the term hnwi is commonly used within the financial industry to identify individuals who need tailored financial and money management services due to their net worth investopedia mira norianunderstanding high net worth individuals hnwis there are several ways to reach a high net worth working saving money and making smart investments can lead to an increase in your net worth other ways include inheriting a large sum winning the lottery selling a valuable asset and or business and getting a settlement or a life insurance policy hnwis usually get more benefits than those whose net worth falls under 1 million most banks require that a customer have a certain amount of liquid assets a certain amount in depository accounts with the bank or both to qualify for special hnwi treatment if they qualify they may get services with reduced fees special rates and access to investor events that are closed to most 23the more money a person has the more work it takes to maintain and preserve those assets these individuals generally demand and can justify personalized investment management estate planning and tax planning services they generally qualify for separately managed investment accounts rather than mutual funds their wealth allows high net worth individuals to participate in initial public offerings ipos and invest in startups that demonstrate financial potential 