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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Spectrem Affluent Household Outlook Flat for Second Consecutive Month

Since May, the monthly Outlook has dipped 1.6 points from 26.70, which was a near seven-year high.

| BY Donald Liebenson


The Spectrem Affluent Household Outlook remained flat for the second consecutive month, ticking downward less than a point to 25.10. Since May, the Outlook has dipped 1.6 points from 26.70, which was a near seven-year high.

The Spectrem Affluent Household Outlook is a monthly measure of Affluent investor confidence in four financial factors that impact their daily lives. Company Health was the lone component that posted a significant gain from the previous month. It rose to 14.40, an increase of 3.6 points. The Economy held steady, ticking upward 0.4 of a percentage point to 7.20.

Household Assets, which since last June has the strongest Outlook component, and had posted gains in the last four consecutive months, dipped 2.4 points to 58.80. Household Income dropped 5.2 points to 20, a three-month low.

Year-over-year, the Spectrem Affluent Household Outlook is up 11.55 points

Spectrem Group further breaks down Outlook measurement by Millionaire and non-Millionaire households. After converging closer last month, the Millionaire and non-Millionaire Outlooks again went their separate directions. The Millionaire Outlook gained 4.87 points to 31.84, a 10-month high, while the non-Millionaire Outlook dropped 6.97 points to 18.03, a three month low.

Year-to-year, the Millionaire Outlook is up 13.62 points, while the Non-Millionaire Outlook is up 9.47 points.

Among Millionaires, Company Health surged 11.64 points to 21.09, the highest reading since September 2013. The Economy gained 7.71 points to 20.31, a five-month high. Household Assets increased 5.77 points to 67.19, the highest reading since March 2006. But Household Income dropped 5.66 points to 18.75, a four-month low.

The non-Millionaire Household Outlook posted losses in all components, most notably in Household Assets, which fell 10.98 points to 50. The Economy dropped 7.37 points to -6.56, the first negative reading since February 2014 and the lowest in nine-months. Company Health fell 4.82 points to 7.38, a three-month low, while Household Income lost 4.71 points to 21.41, a five-month low.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.