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Featured Advisor



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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Europe Weighs on Confidence of High Net Worth Investors

Continued recession in Europe is an economic threat to the U.S., according to high net worth investors participating in a recent survey from Spectrem’s Millionaire Corner. Learn more.

| BY Adriana Reyneri

Close to three-fourths of high net worth investors indicate “European instability” is a significant financial concern, one that poses a threat to the U.S. economy, according to the latest investor insights from Spectrem’s Millionaire Corner.

More than 90 percent of high net worth investors – who have investable assets of $5 million up to $25 million – indicate that “difficulties in Europe affect the United States due to the global nature of the economy,” according to our first-quarter wealth study, 2013 Ultra High Net Worth Investors: Changing Investor Attitudes and Behaviors.  Well over half (57 percent) cite the factor, “Europeans purchase goods and services produced in the United States.”

The concern is highest among older investors and those from the occupational category of senior corporate executives. Executives traditionally express a higher sensitivity to global economic events and also tend to have the highest exposure to international investments. Thirty-five percent of executives report owning European investments, compared to 30 percent of high net worth investors as a whole.

High net worth investors express even higher levels of concern over the U.S. political environment. Click here to learn more.

The European economy is expected to begin stabilizing in 2013, following a recession in 2012, according to the Spring 2013 forecast from the European Commission, a Brussels-based body that heads the European Union.  After shrinking by 0.4 percent this year, the European area economy is forecast to grow by 1.2 percent in 2014. European Union nations are expected to fare slightly better, with a 0.1 percent drop in growth this year and a gain of 1.4 percent in the next.

Demand from outside nations is expected to drive much of the growth as domestic demand continues to be constrained by financial hardship, including economic uncertainty, government deleveraging, high unemployment and tight credit conditions.

The economic events of the past five years continue to anger high net worth investors, even though they’ve benefitted from the prolonged stock market rally and increases in home prices. Click here to learn more.