[Galanwe]

> At medium levels of wealth (more than $1m and under $50m), you are likely unable to access good advice

What the actual f...

According to the "Global Wealth Databook 2021" by Credit Suisse, page 129, there are in the US:

- $1-5M : 19.5M people (<6%)

- $5-10M : 3.2M people (<1%)

- $10-50M : 1.5M people (0.4%)

And that is from one of the richest country in the world, with a very steep exponential wealth distribution.

$1-50M is _far_ from "medium wealth" by any stretch of the imagination.

>$1M (liquid) is enough to be denoted "high net worth" HNW and access private banking, with a dedicated wealth manager, from most major investment banks.

[skippyboxedhero]

It isn't. Maybe Morgan Stanley do $1m liquid, but they are aimed at the general public. The big investment banks usually start somewhere around $5-10m, and to actually get good advice you need to be somewhere above this level.

[Thorrez]

>$1-50M is _far_ from "medium wealth" by any stretch of the imagination.

There are 2 ways to interpret "at medium levels of wealth":

* A medium amount of money among the general population. This is the interpetation you're thinking of.

* A medium amount of money among wealthy people. So wealthy might mean $500k+, with the low end of wealthy meaning $500k-1M, and medium level of wealthy meaning $1M-5M. Below wealthy would be middle class. This may be the interpretation skippyboxedhero was thinking of.