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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

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

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Majority of High Net Worth Investors Satisfied with Financial Advisor: Millionaire Corner Study

Even through recent recession, two-thirds of investors satisfied with their advisor

| BY Kent McDill

A majority of affluent investors remain pleased with the performance of their financial advisor, a new Spectrem’s Millionaire Corner study reveals.

Measured by net worth segments, satisfaction was at 67 percent or above for all wealth segments, and lowest among the wealthiest investors, the survey showed.

The Millionaire Corner High Net Worth Income study segmented the survey group into five wealth levels: under $100,000 net income, $100,000 to $250,000, $250,000 to $500,000, $500,000 to $750,000, and $750,000 and above.

Advisor satisfaction for the lowest income group was at 71 percent, and reached a high of 72 percent for the $100,000-$250,000 segment. However, the percentage dropped to 67 percent for both the $500,000-$750,000 and $750,000 and above segments.

Satisfaction was highest for all income segments in terms of responsiveness to requests. Eighty-one percent of the under $100,000 income segment said they were satisfied with responsiveness, while 80 percent of the $750,000 and above segment said the same thing.

What makes those stastistics especially revealing is that survey showed that the No. 1 reason for changing an advisor is that he or she does not return phone calls in a timely manner. Fifty-nine percent of the total study group reported that as a determining factor. That was far more important than expecting the advisor to initiate the conversation, with 48 percent saying “not being proactive in contacting me” would be a reason to change advisors.

Investors are apparently willing to blame their financial advisor for losses suffering during the recent economic downturn. Asked about their satisfaction with “recommendations and advice during the recent recession”, the $250,000-$500,000 income group had only 60 percent satisfaction, the lowest reported score. The lowest income group reported 6 percent satisfaction in advisor advice during the recession.

Honesty and trustworthiness were selected as the No. 1 trait required in choosing a new advisor the study showed.

  



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.