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Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

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

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The Number of Millionaire Households Rebounds

The number of high net worth Millionaire households is approaching pre-recession levels. Learn more about trends among the nation’s wealthiest families.

| BY Adriana Reyneri

A heavy exposure to equities has helped push the number of Millionaire households close to pre-recession levels, according to the Affluent Market Insights 2013 report from Spectrem’s Millionaire Corner.

The number of high net worth U.S. households – those with a net worth of $5 million or more, not including primary residence - reached 1.14 million at the end of 2012, up from 1.078 million at the end of 2011, according to Spectrem research. That’s the highest level since late 2007 when high net worth households numbered 1.16 million.

The number of Millionaire households – those with a net worth of $1 million or more NIPR – has increased, as well, from 8.6 million at the end of 2011 to 8.99 million last year. The count remains shy of the 9.2 million tallied at the end of 2007.

The rising fortunes of the nation’s affluent investors are due in large part to the prolonged stock market rally, but a slowly improving real estate market has also helped the rich rebuild their wealth, according to Spectrem research.

What market sectors have the most appeal among Millionaires this year?

The number of affluent, non-Millionaire households has increased, as well, but not as quickly. Individuals with less than $1 million to invest are less likely to own stocks and have lower average balances invested in equities. Lower equity ownership rates have limited the ability of non-Millionaires to profit from the prolonged stock market rally. Spectrem research indicates that investors from households with a net worth of $500,000 or more NIPR are maintaining relatively large cash reserves and have been slow to return to the market. Correspondingly, the number of households with investable assets of $500,000 or more stands at 14.3 million - well below the pre-recession high of 15.7 million.

Learn more about the differences between Millionaire and non-Millionaire investors.

The number of households with a net worth of $25 million or more was 117,000 at the end of 2012, below the 2007 high of 125,000. Total households with a net worth of at least $100,000 is 37.4 million, above the 2007 high of 33.4 million.