Five Financial Strategies for High-Net-Worth Individuals

Even if you’re not a high-net-worth individual, these strategies for long-term investing, tax management and more can be very helpful to get you on track to being an HNWI.

A wealthy woman checks her phone while riding in a limo.
(Image credit: Getty Images)

As an adviser to high-net-worth individuals (HNWIs), I stress to our clients that investing is just one of many things that they need to consider as a part of their overall financial planning.

An HNWI is loosely defined as someone with liquid assets of at least $1 million, and the U.S. notably has the highest number of HNWIs in the world.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Brian Spinelli, CFP®, AIF®
Co-Chief Investment Officer, Halbert Hargrove

Brian Spinelli is based in Halbert Hargrove’s Orange County and Long Beach offices. His responsibilities encompass running the firm’s investment committee as well as advising individuals and institutions on their investment and wealth advisory needs. Brian was named to HH’s management team in 2012. He earned his Bachelor of Arts in Business Administration – Finance from Loyola Marymount University in 2002 and his MBA from LMU in 2005. He is a CERTIFIED FINANCIAL PLANNER™ professional. Halbert Hargrove is the creator of LifePhase Investing and headquartered in Long Beach, Calif.