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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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The Independent Investor

Certain millionaires go it alone, managing their wealth without any help from a financial professional. Who's most likely to be an independent investor?

| BY Adriana Reyneri

One-in-three millionaires describe themselves as an independent investor, one who manages his or finances without help from an advisor, according to Millionaire Corner research. What’s the likely profile of investors who go it alone?

“There will always be a share of millionaires who prefer to be independent,” Catherine McBreen, president of Millionaire Corner. “We find that these self-directed individuals tend to share certain traits, including a higher tolerance for investment risk.  An independent investor also expresses more confidence about his or her financial situation and the economy at large.”

Who’s most likely to be an independent investor? Our research shows that younger investors have a higher tendency to call themselves self-directed, and that the tendency declines among investors ages 55 and older. An independent investor is slightly more likely than more advisor-dependent millionaires to identify “luck” and “taking risk” as factors contributing to their wealth.  It follows that a greater share of the self-directed say there are willing to take significant risk in order to earn a high return on their investments.

The independent investor also appears decidedly more chill when compared to millionaires who depend more heavily on advisors.  Self-directed millionaires report lower levels of concern over national issues such as the economy and national debt, according to our research.  An independent investor also is less likely to cite retirement, job security and financial security as a worry.

Perhaps the most significant difference between an independent investor and more advisor-dependent millionaires is a love of investing. The self-directed are significantly more likely to say they enjoy investing and do not want to give it up, and they’re also more likely to indicate they like to be actively involved in the day-to-day management of their investments.

While 30 percent of millionaires see themselves as entirely self-directed, an equal share see themselves as a somewhat independent investor, making  most of their own decisions but consulting an advisor for specific needs, such as retirement planning.