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Featured Advisor

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

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Wealthy Investors Depend on Advisors to Make Good on Retirement Plans

Expecting plans to provide guaranteed income

Wealthy investors who depend on financial advisors are highly concerned about retirement income, according to research on affluent Americans conducted by Spectrem Group.

“Investors who put their financial futures in the hands of professionals put a high premium on security. At the same time, they want to see a decent performance from their long-term investments,” said Catherine McBreen, managing director of Spectrem Group. “Advisor-dependent investors view wealth management as a serious responsibility and are willing to pay for professional advice.”

A growing number of high net worth investors – those with $5 million to $25 million not including primary residence – depend entirely on financial professionals. Nearly one-fourth described themselves as advisor-dependent in a May survey by Spectrem, compared to 18 percent in late 2009.

Most of these ultra wealthy, advisor-dependent investors – 66 percent - say it’s very important to have a guaranteed income during retirement and 48 percent expect a guaranteed return on their retirement plan.

The professional advice must be paying off. More than 70 percent of high net worth, advisor-dependent investors say they are “very satisfied” with their retirement plan earnings over the past year.