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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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Investors' Plans for the Next 12 Months

International investments are a growing attraction to high net worth investors.

| BY Kent McDill

For many investors, equities, including individual stocks or stock mutual funds, is a more attractive investment option than deposit accounts, according to Spectrem research.

A Spectrem’s Millionaire Corner study finds that 60 percent of Ultra High Net Worth investors with a net worth between $5 million and $25 million are going to invest in equities in the next 12 months. Only 51 percent of UHNW investors plan to put additional funds into checking or savings accounts over the same period.

Millionaire investors are nearly identical in their intentions regarding equities and deposit accounts. Fifty-two percent of Millionaires with a net worth between $1 million and $5 million plan to invest in equities over the next 12 months while 55 percent plan to put money into checking and savings accounts.

Among Mass Affluent investors with a net worth between $100,000 and $1 million, 57 percent plan to go with the safer bet of placing money in checking and savings accounts while 31 percent plan to invest in equities.

Among UHNW investors, 37 percent plan to invest international investments such as stocks, mutual funds or other products based outside the U.S. and 37 percent also say they will invest in money market funds. In both cases, those intentions are greater than investment plans for Millionaires or the Mass Affluent.

The UHNW investors also favor fixed income investments such as individual bonds or bond mutual funds (32 percent) and certificates of deposit (23 percent).

After checking and savings accounts and equities, Millionaires are next most likely to go for money market funds (36 percent) and international investments (28 percent). The Mass Affluent investors are usually running opposite of the wealthier investor, but 29 percent are going to invest in money market funds and 26 percent in certificates of deposit.

Investment real estate is of interest to 20 percent of UHNW investors, 14 percent of Millionaires and 11 percent of Mass Affluent investors.

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.