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Welcome to Phoenix Wealth
Phoenix Wealth is part of Phoenix Group, created to bring you a strong combination of:
- the heritage developed by AXA Wealth in the adviser life and pensions market
- the exclusive focus on the UK life and pensions market and scale brought by Phoenix Group.
We offer the UK-based, off-platform pensions and investment bond previously offered by AXA Wealth. Phoenix Group bought this part of AXA Wealth in 2016 and transferred it to Phoenix Life Limited in 2017. Read more about the transfer.
We're committed to supporting you with:
- flexible products, allowing your clients to top up their existing investments and access their money
- high quality of customer service
- well governed, wide investment choice
- transparent fees and charges
We are exclusively focused on supporting you and your existing clients. We accept transfers-in and top ups to existing policies, as well as new members on existing Family Suntrust schemes. But we don't take on new clients or set up new policies - this means we can apply all our efforts to helping you get the most out of your clients' existing feature-rich, policies.
FAQs
What percentile is a $3 million net worth? ›
The 95th percentile, with a net worth of $3.2 million, is considered wealthy, facilitating estate planning and possibly owning multiple homes. The top 1%, or the 99th percentile, has a net worth of $16.7 million and represents the very wealthy, who enjoy considerable financial freedom and luxury.
How much net worth is considered rich? ›For example, individuals with $1 million in liquid assets are generally classified as having a high net worth. To be considered very high net worth, one might need assets ranging from $5 million to $10 million, while an ultra-high net worth status could require $30 million or more.
What percentile is 10 million net worth? ›$10 Million Is A Top One Percent Net Worth.
What is the average net worth of Americans? ›Net worth is the difference between the values of your assets and liabilities. The average American net worth is $1,063,700, as of 2022. Net worth averages increase with age from $183,500 for those 35 and under to $1,794,600 for those 65 to 74. Net worth, however, tends to drop for those 75 and older.
How many people have $3000000 in savings? ›There are estimated to be a little over 8 million households in the US with a net worth of $3 million or more.
What's the net worth of the top 2%? ›The top 2% had a net worth of $2,472,000. The top 5% had $1,030,000. The top 10% had $854,900. The average net worth of a US household was $1,063,700, according to the Federal Reserve's Survey of Consumer Finances.
How much net worth to be in the top 5%? ›The most recent data from the Fed's Survey of Consumer Finances took a snapshot of the American public at the end of 2022. At that point, a net worth of $3,795,000 was enough to put you in the top 5% of all American households. If that number has your head spinning, there are some important details you should consider.
Does net worth include home? ›Household wealth or net worth is the value of assets owned by every member of the household minus their debt. The terms are used interchangeably in this report. Assets include owned homes, vehicles, financial accounts, retirement accounts, stocks, bonds and mutual funds, and more.
What net worth is upper class? ›The upper class has an average net worth of $793,120 to $2.65 million, while the lower class has $16,900. The middle class ranges from $58,550 to $300,800. You can grow your net worth by saving and investing consistently, investing in the stock market, and being careful about taking on debt.
What net worth puts you in the top 10%? ›Sign up for Kiplinger's Free E-Newsletters
- People with the top 1% of net worth in the U.S. in 2025 will have $11.6 million in net worth.
- The top 2% will have a net worth of $2.7 million.
- The top 5% will have $1.17 million.
- The top 10% will have $970,900.
- The top 50% will have $585,000.
What salary is considered rich in the USA? ›
Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.
Are you rich if your net worth is $10 million? ›If you have a net worth of $10M USD only 0.02 percent of the world's population is richer than you. In other words, you are richer than 99.98 percent of the world's population. That's pretty near the top of the heap, so if you don't consider that rich, your standard is unbelievably high.
What income is upper middle class? ›Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range. "The upper middle class has grown...and its composition has changed.
How much money does the average person have in their bank account? ›Average household checking account balance by gender
| Gender of reference person | Average checking account balance in 2022 | Median checking account balance in 2022 |
|---|---|---|
| Male | $20,221.19 | $3,800.00 |
| Female | $8,272.74 | $1,200.00 |
Oct 18, 2023
Average net worth by age
| Age by decade | Average net worth | Median net worth |
|---|---|---|
| 40s | $713,796 | $126,881 |
| 50s | $1,310,775 | $292,085 |
| 60s | $1,634,724 | $454,489 |
| 70s | $1,588,886 | $378,018 |
According to the MacroMonitor, by 2022-23, the number of U.S. households with $3 million or more in financial assets represents 3.2% of all households, totaling 4.6 million.
What percentile is 2.5 million net worth? ›Top 2% wealth: The top 2% of Americans have a net worth of about $2.472 million, aligning closely with the surveyed perception of wealth. Top 5% wealth: The next tier, the top 5%, has a net worth of around $1.03 million. Top 10% wealth: The top 10% of the population has a net worth of approximately $854,900.
What percentage of retirees have $3 million dollars? ›Specifically, those with over $1 million in retirement accounts are in the top 3% of retirees. The Employee Benefit Research Institute (EBRI) estimates that 3.2% of retirees have over $1 million, and a mere 0.1% have $5 million or more, based on data from the Federal Reserve Survey of Consumer Finances.
Where does a net worth of 3 million rank? ›The 95th percentile is considered wealthy, with $3.2 million household net worth, so even more spending power, which means estate planning and possibly more than one home.