Self-directed investor with overconfidence bias, concentrated positions, excessive trading, underperforming benchmark.
B-02 isolates the self-directed mass-affluent investor whose return drag is behavioral rather than structural — concentrated single-stock positions, frequent trading, and a documented allergy to advisor onboarding. It is the testing surface for suitability friction, concentration warnings, and Reg BI rollover conversations.
B-02 sits at the intersection of mass-affluent balance sheets ($915k median net worth, $170k median income) and behaviorally driven underperformance. The household typically holds a concentrated single-stock position from current or former employer equity, runs an active trading account that materially underperforms a passive benchmark, and self-reports a strong preference for self-direction. From a regulatory and product standpoint, this is the cohort where Reg BI rollover suitability conversations get hard: balances are large enough to attract solicitation, the investor has documented advisor resistance, and the suitability narrative has to account for tax-cost basis lots, embedded gains, and 10b5-1-style unwind preferences. It is also where FINRA 4111 restricted-firm scrutiny on excessive-trading flags would land if the same trading frequency happened in an advisor-managed account.
The cash-flow profile is high-income W-2 with meaningful retirement-plan participation (all 18 households have a retirement goal), but the asset side carries idiosyncratic risk that does not appear in same-income generic accumulators. Mortgages on 11 of 18 households, student loans on 10, and credit cards on all 18 are typical mass-affluent liability shapes; the diagnostic is the asset side, not the debt side. Households at this wealth tier should be on track for retirement at this income — when they are not, the explanation usually points to concentration, trading drag, or stale allocation rather than savings rate.
The distinguishing pattern versus neighbouring behavioral archetypes is the direction and competence of action. Unlike B-01 (avoider) the household acts; unlike B-03 (spender) the household saves. The behavior gap is allocation quality and trading discipline. That makes B-02 the right corpus for testing concentration-risk dashboards, tax-loss harvesting prompts, drift-band rebalancing alerts, and conversation-starter UX that respects the investor's self-direction while surfacing risk.
Aggregated across the 18 B-02 households in the shipped v3 corpus corpus. Numbers describe the corpus, not population claims.
David sits at the corpus income median and slightly below the net-worth median — the household that has accumulated meaningfully but is leaving alpha on the table. Liquid net worth of $258k against investable assets implies the bulk of the balance sheet is at-risk in a single brokerage rather than diversified across qualified plans. He is on-track flagged for retirement and debt payoff, which makes this the diagnostic case where the platform's job is to surface concentration and trading-drag risk to an investor who does not believe he has a problem.
Every B-02 household ships with — at minimum — these JSON fields populated. The full schema is documented in the data set you purchase.
Three buyer profiles draw on B-02 most heavily. Compliance teams use it to populate Reg BI rollover suitability scenarios where the investor has $400k+ in qualified-plan assets and a documented preference for self-direction — the exact conversation FINRA and SEC examinations have focused on since 2020. Brokerage platforms use it to test concentration-risk dashboards, tax-loss harvesting eligibility, and drift-band rebalancing alerts against investors who actively trade rather than buy-and-hold. Behavioral-finance product teams use it as the engaged-but-misallocated counterpart to B-01: the right population for conviction-check prompts, single-stock exposure warnings, and disclosure UX around payment-for-order-flow and trading costs.
B-02 households do not carry the alternative-investment, GRAT, or family-office complexity of H-02 or H-03 — net worth caps out below $2M for nearly all of the corpus. If you need overconfident concentrated-position investors at HNW or UHNW scale, layer the B-02 behavioral flags onto H-02 or H-03 rather than reaching for B-02 directly. Founders with paper wealth pre-liquidity belong in P-01 or P-02 even when behavioral patterns overlap. Crypto-concentrated risk-taking with the same overconfidence profile is N-01 (mass-affluent crypto) or CR-01 (deeper DeFi); reach for those when the asset is digital rather than employer equity. Households where the trading drag has already produced material loss and bankruptcy is on the table are S-02 territory.
Income and net-worth bands during v3 synthesis were anchored to the mass-affluent segments of the Survey of Consumer Finances and to Cerulli self-directed-investor benchmarks. Concentration ratios, turnover ratios, and advisor-resistance flags were synthesised as overlay attributes; there is no public probabilistic prior we can defend for those specifically. The single-stock allocation is intentionally calibrated to be high enough to trigger most platforms' default concentration warnings (commonly 10% of account or 20% of investable assets) without entering 10b5-1 / exchange-fund territory. Per CLAUDE.md §9 the v3 corpus is frozen and not regenerable from current code, so calibration claims are descriptive of the shipped fixtures rather than reproducible from a seed.
Opposite behavioral failure mode. B-01 households do not engage; B-02 households engage too much. Use B-01 when the target feature is engagement, not friction.
Tech employee with structured equity comp (RSUs, ISOs, ESPP) at a similar mass-affluent wealth tier. Use A-06 when the concentration story is equity-comp-driven and grant-schedule mechanics matter, not behavioral overtrading.
Crypto-heavy investor with similar overconfidence dynamics but the concentrated position is digital and the tax surface is Form 8949 / wash-sale-inapplicable. Reach for N-01 when the asset class is the differentiator.
HNW tier ($3M–$10M) where concentration-unwind decisions involve exchange funds, 10b5-1, and CRTs. B-02 caps below that wealth band; layer behavioral flags onto H-02 if you need both.
B-02 — Overconfident DIY Investor represents a mass-affluent self-directed investor with concentrated single-stock positions, above-benchmark trading frequency, and documented resistance to advisor engagement. Median net worth is $915,368 and median income $170,131, large enough to draw managed-account solicitation and to surface Reg BI rollover suitability conversations.
A-06 concentration is structural — RSUs vesting on schedule, ISOs with AMT exposure, ESPP look-back discounts. B-02 concentration is behavioral — the investor chose and is holding the position. Different test surfaces: A-06 exercises grant-schedule and equity-comp tax flows; B-02 exercises concentration warnings and active-trading drag.
Reg BI rollover suitability is hardest when balances are substantial and the investor is documented advisor-resistant. B-02 households sit at $400k+ in qualified-plan assets with advisor-resistance flags, which is exactly the conversation FINRA and SEC examinations have focused on. Same-balance compliant rollover scenarios are easy; this corpus is the hard-case test set.
No. B-02 concentration is conventional equity — single-stock positions from employer comp or self-selected single names. Crypto-heavy mass-affluent investors with similar overconfidence dynamics are N-01; deeper DeFi exposure is CR-01.
Deterministically from a seeded sampler (Mulberry32 PRNG) in src/lib/generation/, with behavioral flags (concentration ratio, turnover ratio, advisor-resistance) applied as overlay attributes during synthesis. Per-domain version constants are surfaced in each household's _meta block.
No. The shipped 1,451-household v3 corpus is frozen and not regenerable from current code (drift confirmed 2026-05-09). Sampler improvements land in a future v4 release with per-archetype golden fixtures in CI to prevent silent drift.
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