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Featured Advisor

Ed Meek
CEO/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, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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October 29, 2014 Millionaire Fact of the Day



October 29, 2014 Fact of the Day:  What percentage of wealthy investors leave assets?



Did you know that almost 30 percent of wealthy investors leave assets to charitable organizations?

While three-quarters of wealthy households pass their wealth to their children and their spouse, just under thirty percent also leave assets to charitable organizations.  Seventeen percent will pass assets on to schools and 10 percent will leave assets to religious organizations.  Households with more than $50 million dollars are the most likely to leave assets to schools.  While those with $25-50 million are just more likely to leave their assets to their children or grandchildren.  Regardless of your level of wealth, it's possible to leave some or all of your assets to a charitable organization.  But whether you choose to leave your assets to a charity or to your family, it is important to make sure you have the right plans in place.  If you haven't done so already, meet with an attorney to put a will or trust in place.  The right legal structure will be dependent upon the amount of assets you have as well as your intentions.  It's also a good idea to talk to your financial advisor about your intentions if something should happen to you.  This will ensure that the appropriate individuals have access to your assets should something happen and that will prevent them from being frozen should a lengthy probing ensue.  This is especially true if you have children who may need to be supported.  If you choose to leave assets to a charity speak to your attorney, he or she will help you put the proper structure in place.