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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Dale Baker who wrote (63111)	4/23/2006 12:04:52 AM
From: Paul Senior	Read Replies (3) of 206334

Dale Baker, another way of possibly categorizing "rich": Barron's this week talks of Financial Advisors managing monies in three classes: Individuals (under $1M), High Net Worth ($1-$10M) and Ultra-High Net Worth. I didn't see in the article where "net worth" was defined though. From an investment advisor standpoint net worth could maybe mean something net of house values. That is, a guy intending to live in Hilton Head in his $8M home with $800k assets to invest plus a $100K/yr. pension might be of less value to an investment advisor than someone living in a more modest home who has an investment portfolio of a say four million dollars that must be optimized. (Assuming the advisor charges both with the same fixed percentage of assets under management.)

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