1. Household credit - consists of consumer credit and residential mortgages.
  2. Home equity line of credit (HELOC) - is a secured personal line of credit extended to a homeowner that uses the borrower’s home as collateral. The maximum borrowing limit on a HELOC is based on a fi xed percentage of the diff erential between the assessed property value and the mortgage obligation. HELOCs typically represent the least expensive form of non-mortgage credit. This factor, coupled with greater availability from financial institutions, relatively low interest rates and rising home values, have made HELOCs an increasingly popular form of consumer borrowing.
  3. High income - an income segment that consists of households with at least $200,000 in household income.
  4. High-end fund wraps (HEFW) - include all fund wraps with a minimum investment of $25,000 or higher. While there are some differences in the way that various programs in the high-end fund wraps category provide investment solutions to clients, we have determined that grouping together all fund wraps that target the higher value client offers a more meaningful perspective on where they compete in the managed assets continuum. Examples include Russell Sovereign and AGF Harmony.