RSS Facebook Twitter LinkedIn
 


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.

Click to see the full profile


Share |

Top Three Benefits of Using a Personal Financial Advisor

Not all investors use a personal financial advisor – but those who do say they reap a number of benefits. Learn the top three.

| BY Adriana Reyneri

Not all investors work regularly with a personal financial advisor – but those who do feel the relationship provides them with valuable benefits, according to the latest monthly poll from Millionaire Corner.

Most investors have not established an ongoing relationship with a personal financial advisor, according to our October poll of more than 1,350 investors from a range of wealth levels. Though a majority of Millionaires works regularly with an advisor, less than half of non-Millionaires have an ongoing relationship with a financial professional. In fact, less than 12 percent of individuals with less than $100,000 in investable assets work regularly with an advisor.

Investors who do have an ongoing relationship with a personal financial advisor perceive the relationship as advantageous, according to our research. What do investors see as the top three benefits of working with an advisor?

1.       Information is Power: More than 70 percent of investors say working with a personal financial advisor improves their knowledge of investing. Our research shows that affluent investors consistently rank “smart investing” as a top wealth-building factor and put a high premium on financial literacy.

2.       More Choice: Roughly 64 percent of investors indicate that working with a personal financial advisor provides them with a wider range of investment opportunities. Millionaire Corner research shows that affluent investors indicate they are most likely to work with a large, national financial service firm and prefer an advisor who offers diverse investment products.

3.       Better Performance: More than 60 percent of investors feel that working with a personal financial advisor will improve their investment returns.  As a group affluent investors are largely moderate risk takers, but they embrace the strategy of diversification to improve returns while reducing portfolio risk.

Though a personal financial advisor offers many benefits, half the affluent investors surveyed in October perceive the fees charged by an advisor as a possible disadvantage.