Five million in assets isn’t what it used to be.

Retirement care expenses, market volatility and other costs have made a small fortune seem even smaller, and advisors should be prepared to take into account changing threats to their clients’ wealth, according to a recent study from UBS. Only 28% of clients with between $1 million and $5 million in investable assets- enough to be considered high net worth- reported that they considered themselves wealthy.

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