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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

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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Affluent Investor Confidence Holds at Twelve-Month High

Affluent investors express more positive outlook about the economy and household assets

| BY Donald Liebenson

The Spectrem Affluent Investor Confidence Index (SAICI®) was unchanged in May at 2. That reading, reached in April, was a 12-month high. The Spectrem Millionaire Investor Confidence Index (SMICI®) dropped three points in May to 5. The indices measure the investment confidence and outlook of households with more than $500,000 of investables and more than $1 million of investables, respectively.

While fewer Affluent investors overall in May said they intended to stay on the sidelines, there were marked month-over-month boosts in stated preferences for safer, more conservative vehicles, such as Bonds and Cash. Among Affluent investors surveyed, Non-Millionaires expressed a greater intention to invest than their Millionaire counterparts.

When asked which news story is most affecting their economic outlook, the highest percentage of Affluent respondents answered, “Stock Market Conditions.” Of less concern to these investors are such issues as the political environment and D.C. dysfunction that is perceived to block progress on the economy. Also of less concern to Affluent investors is the sequester, which has failed to gain traction since the mandatory across-the-board federal spending cuts went into effect in March.

A further bright spot in our monthly survey of Affluent investors was the Affluent Household Outlook, which jumped in May to its highest reading in almost two-and-a-half years. The Outlook is a monthly survey of Affluent attitudes toward financial factors that impact their daily lives. Confidence in the economy and household assets got a boost in May, particularly among Millionaire investors, which may be a harbinger of increased investment in the months to come.

About the Author

Donald Liebenson

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.