RSS Facebook Twitter LinkedIn

Featured Advisor

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.

Click to see the full profile

Share |

Millionaire Households Reaches a Record High - March 13, 2014

| BY Michael Braga

Following four years of increases, the number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), reached a new high in 2013 of 9.63 million, an increase of more than 600,000 from 2012, according to the Affluent Market Insights Report 2014 by Spectrem Group. After reaching the previous high of 9.2 million in 2007, the recession reduced the number of millionaires to 6.7 million in 2008 and the millionaire population has been growing ever since.

The ranks of all household wealth segments increased in 2013:

• Those with $100,000 or more in net worth NIPR climbed to a record high of 38.6 million from 37.4 million in 2012. The total had been at 31.2 million in post-recession 2008.

• Those with $5 million or more in net worth NIPR also reached a record high of 1.24 million from 1.14 million in 2012. There were only 840,000 in 2008.

• Those with $25 million or more in net worth NIPR grew by 15,000 to 132,000 in 2013. In 2008, there were 84,000 with $25 million or more in net worth.

The totals show a nearly complete recovery from the recession in terms of wealth, and even extreme growth of almost 10 percent among the wealthiest households. Households with a net worth of $5 million or more are near 2005 levels in terms of investment in stocks, bonds and mutual funds.

“Most of the financial damage done by the recession has been erased by recent record-high markets in 2013 as well as continued rebound in the real estate markets,” says George H. Walper Jr., president of Spectrem Group. “In terms of the affluent investor, it is fair to say they have finally recovered from the economic downturn.”

Sixty percent of investors with a net worth of $5 million or more intend to invest in equities in 2014, and 31 percent of investors with a net worth between $100,000 and $1 million intend to do so. More than 50 percent of the $5 million-plus investors are willing to invest outside the United States, with an increased interest in investing in China.

Additional insights about wealthy investors from the Affluent Market Insights Report 2013 are available at and Spectrem’s Millionaire Corner, including:

o Millionaire Households Back to Pre-Recession Levels

o Number of Millionaires Rebounds


To read the original article on Inside Real Estate Herald, click here