The March 2024 report profiles U.S. ultra-high-net-worth households with $10 million or more in financial assets, a segment that doubled since 2010 and holds 30% of household financial assets despite being just 0.6% of households. Predominantly older white married couples, the group is slowly diversifying, with Asian households rising to 8%. They are highly financially knowledgeable and risk-tolerant, with wealth concentrated in closely held businesses, public equities, and long-term funds. Portfolios are relatively conservative, yet they face over $2 trillion in potential capital gains taxes and $7 trillion in potential estate tax liabilities.

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