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High Earners Not Rich Yet (HENRY) is a term used in the wealth management industry to refer to individuals who have high incomes but have not yet accumulated significant wealth. These individuals typically have an annual income of $250,000 or more, but have not yet saved enough to be considered wealthy. HENRYs are typically young professionals who are just starting to build their wealth, and they often have a high level of financial literacy. They are typically looking for ways to invest their money and grow their wealth, and they often seek out advice from financial advisors.
Companies in the HENRY market include Betterment, Wealthfront, Personal Capital, and Ellevest. These companies offer a range of services, from automated investing to personalized financial advice. They are designed to help HENRYs build their wealth and reach their financial goals. Show Less Read more
