What is wealth?

wealth, n, - an abundance of money or property; riches; affluence.
wealthy, a, - rich, affluent.

There are numerous ways to define wealth or to consider what constitutes being wealthy, but from a material perspective this is how the terms are defined by Webster's Dictionary. You may feel that Webster's definitions apply only to the Gates or Waltons or Buffets of the world. If so, consider the following:

• Only the top 18% of all US households have a net worth in excess of $250,000 and only 8% have a net worth in excess of $500,000.

• Only the top 12% of all US households have an annual income in excess of $100,000, and only the top 5% have an annual income in excess of $150,000.

From this perspective then, Thomas Smith and Associates is a specialized financial services firm created to meet the needs of the wealthy.