For high-net-worth individuals (HNWIs) under the age of 30, a good retirement savings plan appears to be a key priority as they seek assistance with their superannuation, according to research.

The 2023 State of Wealth Report from LGT Crestone and CoreData, which surveyed over 1,000 high-net-worth and ultra-high-net-worth individuals (UHNWIs), has found almost 40 per cent of young HNWIs rank super as a top priority. They also flagged health insurance as an important consideration.

In comparison, 33 per cent of HNWIs between 30 and 39 years of age ranked life insurance as most important.

Meanwhile, for the older cohorts above the age of 50, retirement planning was an understandable priority. Overall, most HNWIs, or investors with $1 million in investable assets, are seeking assistance with their investment (20 per cent) and retirement decision making (19 per cent), followed by non-SMSF super (14 per cent) and SMSF super (12 per cent).