Reuters - Wealth management firms are counting on new business from the moderately rich as they play down the impact of a possible exodus of the ultra wealthy from tax-hungry Britain.
The likes of steel magnate Lakshmi Mittal and Russian owner...
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The mass affluent segment generally refers to U.S. individual investors or households with $100,000 to $1,000,000 in investable assets. It is estimated that this segment comprises 60% of the entire $25 trillion in available retail assets in the U.S.