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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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Investment Companies Regain Investors' Trust

Most trustworthy firms are ranked by investors

At year end 2009 most investment companies, including banks, brokerage firms, mutual fund companies and similar types of financial providers, were not highly regarded by investors.  Only 44% of Millionaire investors felt their own accountant was “trustworthy” and only 23% trusted their Full Service Broker.

What a difference a year can make…..especially when the market is in an uptick.  At year end 2010 Millionaire investors were asked which types of firms were “trustworthy” and the reputations doubled for most types of providers.  Accountants remained at the top of the list with 87% of Millionaires rating them as “trustworthy”.  They were followed by Mutual Fund Companies at 81% and Banks at 78%.  Online Brokerage firms followed at 77% moving up from 18% a year earliers.  Independent Financial Planners, Private Banks, Full Service and Brokers and Law Firms all scored in the 70% range.  Trust Companies, Independent Investment Advisors, Investment Management Companies and Insurance Companies were all deemed “Trustworthy” by more than 60% of investors.

All f these rankings are significantly higher than in the last two years indicating that investors are once again feeling that the financial industry is stable.

And which companies are deemed the “Most Trustworthy”?  Fidelity and Vanguard are tied at 91% with the next closest provider, Charles Schwab, scoring 83%.At year end 2009 most investment companies, including banks, brokerage firms, mutual fund companies and similar types of financial providers, were not highly regarded by investors. Only 44% of Millionaire investors felt their own accountant was “trustworthy” and only 23% trusted their Full Service Broker.

What a difference a year can make…..especially when the market is in an uptick. At year end 2010 Millionaire investors were asked which types of firms were “trustworthy” and the reputations doubled for most types of providers. Accountants remained at the top of the list with 87% of Millionaires rating them as “trustworthy”. They were followed by Mutual Fund Companies at 81% and Banks at 78%. Online Brokerage firms followed at 77% moving up from 18% a year earliers. Independent Financial Planners, Private Banks, Full Service and Brokers and Law Firms all scored in the 70% range. Trust Companies, Independent Investment Advisors, Investment Management Companies and Insurance Companies were all deemed “Trustworthy” by more than 60% of investors.

All f these rankings are significantly higher than in the last two years indicating that investors are once again feeling that the financial industry is stable.

And which companies are deemed the “Most Trustworthy”? Fidelity and Vanguard are tied at 91% with the next closest provider, Charles Schwab, scoring 83%.