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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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Personal Financial Advisors: When to Reach Out

What situations compel Affluent investors to reach out to their personal financial advisors?

| BY Donald Liebenson

Peace of mind is one of the advantages to working with a personal financial advisor, according to a majority of Affluent investors surveyed last month by Millionaire Corner. The newly installed sequestration is just the latest impediment to peace of mind for investors concerned how the across the board government-imposed spending cuts will personally impact them.

But economic news ranks behind personal affairs and life events as situations that most compel Affluent investors to reach out to their personal financial advisor, according to a new Millionaire Corner survey.

More than two-thirds (67 percent) of respondents said they would reach out to their personal financial advisor in the event of a financial windfall, while nearly half would contact their advisor after receiving an inheritance.

In the aftermath of the fiscal cliff and the current sequestration imbroglio, 60 percent of Affluent investors said they would reach out to their personal financial advisor to help them strategize in minimizing the impact of the new tax laws, while 45 percent would contact their advisor to help make sense of changing estate laws. The same percentage would reach out to their personal financial advisor in the event of market swings, like those that occurred in the late summer of 2011 following the first-ever downgrade of the U.S. credit rating.

The major benefit of working with a financial advisor, according to three-fourths of Millionaire Corner survey respondents is the boost in financial literacy and investment knowledge. With knowledge comes confidence, which in turn leads to that peace of mind. (Learn more about the advantages of working with a financial advisor).

Life events comprise the remainder of the list of situations that would most compel Affluent investors to reach out to their personal financial advisor. Forty-three percent said they would turn to an advisor to help them map out their retirement, while just over one-third (35 percent) would do so in the event of marriage or divorce.

Thirty-two percent would contact their personal financial advisor in the event of the death of a family member, while 17 percent would do so following the birth of a child.

Just 14 percent would consult their personal financial advisor to map out a philanthropic strategy.

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About the Author


Donald Liebenson

dliebenson@millionairecorner.com

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.