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Srbo Radisavljevic
Managing Principal/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, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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High Net Worth Women Trust Higher Percentage of Assets to Professionally Managed Accounts than Men

Only 10 percent of HNW women investors consider themselves very knowledgeable about financial products and investments, compared with 28 percent of HNW men.

| BY Donald Liebenson

The majority of High Net Worth investors’ assets are comprised of investable assets which the largest percentage are invested in professionally managed accounts, according to a new study of the investment attitudes and behaviors of HNW men and women.

There are not substantial differences between the portfolios of HNW men and women, but what differences there are in asset distribution are telling. Men have a higher overall distribution of investable assets than women (62 percent vs. 55 percent).

A higher percentage of HNW women hold more assets in professionally managed accounts than men (28 percent vs. 24 percent), an indication of their greater tendency than men to rely on a financial advisor. Of those who identify themselves as self-directed investors, meaning they make all of their own financial and investment decisions, 28 percent of men said they do not use any financial advisors vs. 22 percent of women.

Two of the benefits women find in working with a financial advisor, according to a 2012 Millionaire Corner survey, are being able to delegate responsibility to an expert and the peace of mind they say working with a financial advisor gives them. The new Millionaire Corner report found that only 10 percent of HNW women investors consider themselves very knowledgeable about financial products and investments, compared with 28 percent of HNW men. Conversely, one-third of HNW women respondents said they are not very knowledgeable vs. 11 percent of men (4 percent of women said they are not at all knowledgeable vs. 1 percent of men).

Similarly, HNW women are significantly less likely than men to say that they enjoy being actively involved in the day-to-day management of their investments (37 percent vs. 55 percent), an attitude that is heightened as wealth level increases. For example, four-in-ten of the wealthiest women surveyed said they liked to be hands on in the management of their investments compared with nearly seven-in-ten (67 percent) of HNW men.

In examining the portfolios of HNW men and women, women have slightly less assets in their rollover, contributory and Roth IRAs (21 percent vs. 23 percent of men, a reflection perhaps of salary inequality and economic challenges that inhibit saving toward retirement). Women, though hold more assets in deposit accounts than men (14 percent and 11 percent). Their principal residence also comprises a higher percentage of their investable overall assets than men (16 percent vs. 13 percent).

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.