Which of the following is a high-net-worth customer?
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A. B. C. D.C
A high-net-worth (HNW) customer typically refers to an individual or entity with a significant amount of wealth or assets. In the given options, the answer that best fits the description of an HNW customer is option A, "An individual with $5 million in assets, including her home."
Option A specifies an individual with $5 million in assets, which is a substantial amount of wealth. The inclusion of the individual's home in the calculation of assets suggests that the individual owns a valuable property that significantly contributes to their overall wealth.
Option B, "A corporation with $15 million in revenues," does not provide information about the corporation's net worth or assets. Revenues refer to the income generated by a business, not its wealth.
Option C, "A couple with a net worth of $10 million," does indicate a significant amount of wealth. However, it is not clear whether this couple qualifies as HNW based on the threshold for high net worth. Additionally, the answer does not specify whether the couple's net worth includes their primary residence or other assets.
Option D, "An individual who is not acting with his spouse, with $1 million in assets and another $3 million in community property," does indicate a total net worth of $4 million. However, it is not clear whether the individual qualifies as HNW based on the threshold for high net worth. Additionally, the term "community property" suggests that the individual is married, which may affect their qualification as HNW.
In summary, option A is the best answer as it provides a specific threshold for HNW customers, and the inclusion of the individual's home in the calculation of assets suggests a significant amount of wealth.