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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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Millionaire Mindset: Control of Assets

Youngest Millionaires control greater portion of their assets without professional assistance

| BY Donald Liebenson

The Millionaire mindset on investing is an increased confidence that they can do a better job than an advisor, according to a new Millionaire Corner wealth level study of households with a net worth between $1 million and $4.9 million. By and large, Millionaires are satisfied with their financial advisor, but 27 percent, up from 22 percent last year, believe they can do a better job.

This confidence is higher among younger investors under the age of 45. Thirty-eight percent said they could do a better job on investments than a financial advisor.

Millionaires we surveyed said that they control nearly half (49 percent) of their assets without any professional assistance, up from 46 percent last year. Again, the self-directed Millionaire mindset is more prevalent in younger households, in which those under 45 control 65 percent of their assets with professional assistance, up from 58 percent in 2011.

Millionaires overall said they consult a professional advisor on 36 percent of their assets, but again make final decisions about these investments themselves. Nearly four-in-ten of baby boomers and seniors are the most likely to say they are advisor-assisted.

The Millionaire mindset veers away from advisor dependence. Millionaires only entrust only 15 percent of their assets solely to an advisor, while only 13 percent surveyed entrust all investment decisions to a professional advisor.

Almost half (46 percent) of Millionaires consult with an advisor for a wide variety of financial needs. But 17 percent entrust a portion of their assets to an advisor to compare results with their own investing. Again, this self-directed Millionaire mindset is heightened among investors under 45. Thirty percent of these households use an advisor’s track record as a benchmark to compare to their own investing.

More than one-quarter (28 percent) said they are relying less on an advisor and making more financial decisions without professional assistance.

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.