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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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Retirement Planning May Call for an Advisor

Retirement planning has become increasingly complicated in the current economy. How can an advisor help?

| BY Adriana Reyneri

Retirement concerns are prompting a significant share of younger investors to seek financial advice on issues such as estate planning, long-term health care and financial management.

 Planning for retirement has become increasingly complicated and difficult in the current economic environment, characterized by high unemployment, declining income, depressed home values, historic low interest rates and extremely volatile markets. The challenges have constrained the ability of families to save and invest for retirement, and have prompted a significant share of younger investors to engage a financial advisor, according to a new study from Millionaire Corner that examines the relationships between advisors and wealthy Americans.

 Mass Affluent investors – those with a net worth of $100,000 to $1 million – tend to manage the majority of their financial assets (58 percent) without the help of financial advisor, but persistent worries about retirement appear to be making younger investors more willing to work with a financial professional.

 More than one-third of Mass Affluent investors under the age of 55 fear they will have to delay retirement as a result of current economic conditions and 74 percent are worried about having enough money set aside for retirement, according to a survey conducted by Millionaire Corner in December. More than 40 percent of the investors said they wanted more advice in managing their employee-sponsored 401(k) retirement plans. One-fourth of the investors reported that their employer has reduced matching contributions to the accounts.

 Our most  recent study shows that more than one-third (36 percent) of younger Mass Affluent investors plan to seek professional advice for establishing an estate plan and 35 percent intend to consult a professional over planning for long-term health care. More than one-third has already received advice on these retirement issues from a professional.

More than 20 percent of the investors plan to seek advice on creating a retirement plan, as well as strategies for making charitable contributions.

 Retirement advisors can help investors set retirement goals by helping them establish parameters such as setting a retirement target date and calculating the amount of retirement income they will require. Advisors will also consider an investor’s tolerance for investment risk before creating a plan to achieve their stated retirement goals.

 Advisors can work in a variety of capacities. Some are limited to selling a specific product, such as annuity to provide guaranteed income in retirement, and some are qualified to handle multiple facets of wealth management. Investors who are considering working with an advisor should first determine what services they need, then screen potential advisors to make sure they are qualified to perform the desired service.