The high-net-worth (HNW) market is booming.

In 2014 alone, close to a million people around the world becamenew millionaires. In the United States, according to data releasedby Capgemini and RBC Wealth Management in 2015,the HNW community is collectively worth $16.2 trillion. By 2017,the wealth of HNW Americans will grow by 7%.

$16.2 trillion is an astounding number. Even after taxes andinvestments, that still leaves significant money for discretionaryspending. For HNW individuals, that often means purchasing thelatest technology, fine-art masterpieces, jewelry, yachts andvacation homes.

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