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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.

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More Mega Millionaires Seek International Advice

An increasing share of mega millionaires is using advisors who live and work outside the United States. Learn more.

| BY Adriana Reyneri

An increasing share of mega millionaires are working with foreign advisors who invest outside the United States, according to $25 Million Plus Investors 2012, a new Millionaire Corner study that tracks shifting attitudes in international investing among the nation’s wealthiest investors.

Nearly one-fourth of $25 Million Plus investors have hired a non-U.S. advisor, nearly double the share who worked with a foreign financial professional in 2010, according to our research. Investors in the highest wealth tiers, those with a net worth exceeding $125 million, are even more likely to engage an advisor outside the U.S. Two-in-five work with a foreign financial expert.

While they are seeking more international investment advice, mega millionaires appear less interested in investing in China and India than they were two years ago. In 2010, nearly one-third of $25 Million Plus investors identified China as the nation with the most potential for investments. India ranked second (15 percent), followed closely by Brazil (14 percent).

These so-called BRIC nations appear to have lost some of their allure. Less than one-fourth of mega millionaires currently cite China as having the most investment potential, and a smaller share identify India (8 percent) and Brazil (11 percent). On the other hand, mega millionaires appear to see increasing potential in the United States and Europe, and continue to express relatively low levels of interest in Japan (2 percent), Russia (2 percent) and Canada (3 percent).

Mega millionaires have also sharply reduced their exposure to foreign and international mutual funds over the past two years. The share who owns these types of funds has dropped from 61 percent in 2010 to 44 percent this year. Over the same time period, the average value of the funds fell from close to $3.9 million to $2.3 million. One-third of mega millionaires own international exchange-traded funds, or ETFs, with an average value of approximately $2.2 million.

As a group, $25 Million Plus investors are largely pessimistic about the U.S. economy and express a lower level of concern about global economic issues. Close to 70 percent of these mega Millionaires cite the European debt crisis as a significant financial concern and 58 percent indicate they are worried about slowing growth in China.