The population of high net worth
individuals (HNWI) in the top 10 US metropolitan statistical areas
(MSAs) increased 18% in 2009.
Capgemini said it was the highest
growth rate in the past four years. In contrast, US unemployment
figures hit 9.5% in July 2010. New York City topped the US Index
with 667,000 HNWIs.
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This was more than the combined total
of the next top three MSAs – Los Angeles, Chicago and Washington,
DC.
“In today’s volatile market, the Metro
Wealth Index serves as a resource for advisers and wealth
management firms who are looking to understand the trends affecting
HNWI in specific US markets,” said Edward Merchant, Capgemini
capital markets solutions leader.
Capgemini defines HNWI as having investable assets of $1m or
more.
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