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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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Getting to Know the $25 Million Plus Investor

Spectrem's special study of America's wealthiest investors details how they reached their level of financial success and what they do with their portfolios.

| BY Kent McDill

There are more Americans with a net worth of at least $25 million than ever before, and Spectrem Group can tell you what they are thinking.

Every 18 months, Spectrem takes the pulse of the most affluent American investors in its study The $25 Million Plus Investor. The financial and personal attitudes and concerns of those investors are studied, along with demographic information about who they are and how they got to their current wealth level.

There are 132,000 Americans in the $25 Million Plus category based on net worth and Not Including Primary Residence. That is the highest total of people in that segment in the country‘s history.

The $25 Million Plus households are mostly working households, and many of the investors in the group have no plans to retire. Almost 75 percent work more than 40 hours per week, and only 22 percent are retired.   

The wealthiest investors have a significant and complicated attitude toward the next generation in their family. They want to ensure that their children and grandchildren are taken care of financially, but they do not want to stunt their work ethic in the process.

In many cases, they want the financial advisors they work with to work with their children and grandchildren, but there is a mixed response as to what age is best to introduce them to each other, and there is concern that financial advisors of today will not be able to relate to investors of the next generation.

In terms of their own money, most of the wealthiest investors feel they can handle the basic investment functions by themselves and use financial advisors only when a unique or particularly complicated investment opportunity arises. A significant percentage of the $25 Million Plus crowd has a large amount of money invested in alternative funds like hedge funds, but they also have strong cash positions.

While the wealthiest investors tend to stay in the middle in regards to risk, balancing between moderate to slightly aggressive, they do expect a higher rate of return on investment than investors with lower net worth. They are also more interested in growing their wealth than just protecting it.

Most wealthy households do make charitable donations, and many of those donations are to educational or religious organizations. Charitable donations and vacations are among the largest expenditures for the $25 Million Plus investor.

The $25 Million Plus Investor includes details on how they are using social media and how social media use impacts their relationship with advisors. It also details the way age affects an investor’s plans for investing.

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.