A recent report that over 70% of millionaires with between $1 million and $5 million did not consider themselves wealthy elicited some thoughtful conversation about what “wealth” means for their clients.

It’s not just that they want more money, but that new retirement challenges and market volatility have shaken nerves. If high net worth clients are not feeling self-assured about their financial situation, who is? And how much do they need?

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